Thursday, May 3, 2012

YouTube fires $200M broadside at Big Media

YouTube fires $200M broadside at Big Media

When Google bought YouTube in 2006, CEO Eric Schmidt described it as "the beginning of an Internet video revolution." At the time, there was no shortage of skepticism over whether Google had instead just committed a $1.6 billion mistake.
Some say there's still no clear answer. Google has never said whether YouTube is profitable. A couple of years ago, Schmidt said he believed that YouTube would be profitable that year, but there's been not a peep since.

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  Oh fuck!!!!!! ......god dam.... jesus christ.....  son of  a  bad  carpenter ..........social media is the birth of  some of  the dumbest ...