YouTube gathers steam

Dan Frommer writes in Forbes:

The Web lets users watch whatever they want, whenever they want to watch it. So what do they want to see? A home-made video of two boys lip-synching along to the Pokémon television theme song. Internet video site YouTube has streamed the video more than 9.5 million times in the last four months, making it the site's most-watched movie.

Michael Arrington reports a rumored round of $25 million in financing for YouTube.