President Shimon Perez launched his own YouTube channel yesterday in an effort to communicate with Israelis and citizens of countries with which Israel does not have diplomatic ties.

"Peres announced his new channel at a press conference at the President's Residence in Jerusalem, alongside YouTube co-founder Chad Hurley, who is currently visiting Israel".

The channel will also be used to launch web conferences where people can talk with the president directly.

"Peres has uploaded to his channel important speeches, such as his acceptance of the Nobel Prize; key events, such as Hillary Clinton’s first official visit as U.S. secretary of state; and comedy films, including a few satires."

There was also comments on YouYube's profitability by Chad Hurley. Who said...

"Hurley said YouTube continues to grow in terms of traffic, reaching more than 1 billion views a day, while receiving nearly 24 hours of video every minute."