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YouTube was founded in 2005 by three employees of PayPal whose names are: Chad Hurley, Steve Chen, and Jawed Karim. It became available for public viewing 6 months after it's debut.
Steve Chen invented YouTube.
If you go to this website then you might be able to find out why it was created. http://en.wikipedia.org/wiki/Youtube
Three former PayPal employees created YouTube in February 2005.
The "inventors" of YouTube were three former PayPal employees, Steve Chen, Chad Hurley and Jawed Karim.