A couple of days ago I saw info surface about YouTube, mainly that it is "close to becoming profitable". I think everybody knows now that YouTube was bought by Google a few years ago for over $1.5 billion. The problem with it is, that until now, Google has not found a recipe of how to make money off of it. Every year it costs close to 1 billion dollars just to operate the site, considering the resources that it must use in order to work properly (there are 2 billion hits a day).
Not long ago Google started putting ads on the bottom of the videos, but I am yet to find someone who clicked on any of them.
Where its all great that YouTube is "close to become profitable", this is exactly the same thing that Google said last year.... So how many more years is it going to be close and how many more years after that will if finally pay for itself ?
This blog entry is based on many google search results, including YouTube is now “Almost” Profitable
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