this post was submitted on 28 Apr 2024
1504 points (97.7% liked)
Lemmy Shitpost
27165 readers
3181 users here now
Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.
Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!
Rules:
1. Be Respectful
Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.
Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.
...
2. No Illegal Content
Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.
That means:
-No promoting violence/threats against any individuals
-No CSA content or Revenge Porn
-No sharing private/personal information (Doxxing)
...
3. No Spam
Posting the same post, no matter the intent is against the rules.
-If you have posted content, please refrain from re-posting said content within this community.
-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.
-No posting Scams/Advertisements/Phishing Links/IP Grabbers
-No Bots, Bots will be banned from the community.
...
4. No Porn/Explicit
Content
-Do not post explicit content. Lemmy.World is not the instance for NSFW content.
-Do not post Gore or Shock Content.
...
5. No Enciting Harassment,
Brigading, Doxxing or Witch Hunts
-Do not Brigade other Communities
-No calls to action against other communities/users within Lemmy or outside of Lemmy.
-No Witch Hunts against users/communities.
-No content that harasses members within or outside of the community.
...
6. NSFW should be behind NSFW tags.
-Content that is NSFW should be behind NSFW tags.
-Content that might be distressing should be kept behind NSFW tags.
...
If you see content that is a breach of the rules, please flag and report the comment and a moderator will take action where they can.
Also check out:
Partnered Communities:
1.Memes
10.LinuxMemes (Linux themed memes)
Reach out to
All communities included on the sidebar are to be made in compliance with the instance rules. Striker
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Fuck YT, but bad meme. YouTube has never been profitable
I doubt that. Paper losses are not an indicator of profitability.
It's not hard to look up the earnings
I did. They reported $31.5 Billion in revenue for 2023.
Im not finding any concrete report on their expenses, but I did find some best guesses as speculated by users. This reddit thread from 7 years ago, is estimating about $2 billion in expenses.
Let's assume that since this was 7 years ago things have gotten drastically more expensive for YouTube, and throw an additional buffer on top of that since we can't be 100% sure. Let's pentuple their proposed operating costs, and, hell, let's also be VERY generous and say that they keep a work force of 5,000 people who each make.. Let's say $120,000/yr?
That would come out to about $10.6 billion/yr in business expenses. Even if you factor in the payments to top earning YouTubers, those only measure in the 10s of millions... Okay.. Let's be reeeeal generous to YouTube here and assume that this guy from r/theydidthemath 7 years ago was WAY off. Let's assume he was off by half of YouTubers actual expenses. Following our (absolutely ludicrous) estimates of their expenses going up by a factor of 5 and their 5,000 employees averaging out to $120,000/yr salaries; YouTube would still be reporting under $21 billion a year in expenses. That means they are net profit $10 billion a year even with the insanely expensive operating costs we assigned them here.
$10 billion. Let me put that into perspective. 10 million seconds is about 115 days. So 10 million seconds in the past was just about the new Year. 10 billion seconds however was 317 years ago.
This idea that YouTube isn't profitable is equal parts ridiculous and hilarious. I just sat here for 15 minutes waxing accountant at you, but none of that was even necessary. YouTube is a business (technically it's Google but you get the point), if it wasn't profitable, it wouldn't exist. Period.
I'm not necessarily disagreeing with you, but that estimate could have been wrong by a factor of 10 easily. The idea of an "average video" being 50MB, for example, is questionable: at typical bitrates of 1080p videos this would amount to about a minute-long video. I don't think that's an average video at all. It also doesn't account for many things, for example the cost of replicating new videos to the CDN.
I also don't find the idea of YouTube not being profitable ridiculous or hilarious. YouTube definitely wasn't profitable before monetisation, and Google used to run it for prestige and data collection purposes at a financial loss. They clearly have been trying to make it more profitable, but whether or not they have crossed the break-even point in the past or are still hoping to cross it in the future is not as clear to me as it is to you.