The text is a transcript of a video where two YouTubers quiz random people on the street about YouTube-related trivia. If they answer all seven questions correctly, they win a new iPhone 11. The questions are about the most subscribed channels, the owners of Instagram, the name of YouTube's premium service, the origin of TikTok, and the identity of Tobuscus. Most people fail to answer all the questions, but one person succeeds and gets the phone. The YouTubers also promote their podcast about YouTube.
Here are the key facts extracted from the text:
1. The text is a transcript of a video where people are asked questions about YouTube and can win an iPhone 11 if they answer correctly.
2. The most subscribed YouTube channel is T-Series from India.
3. The giant Internet company that owns Instagram is Facebook.
4. YouTube's premium streaming service is called YouTube Premium, not YouTube Red.
5. TikTok is from China.
6. Tobuscus is the YouTuber with long brown hair and a beard.
7. Smosh was the first YouTuber to reach 10,000,000 subscribers.