this post was submitted on 10 Oct 2023
1832 points (94.0% liked)
Technology
60062 readers
3694 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
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
Where do you read that Youtube is operating at a loss? The last article I can find mentioning that is from something like 10 years ago.
In the last few years they have split Youtube income out of the overall income and it's not like they aren't making money with it - roughly $7B in the last report I can find.
Let's not forget that the strategy of operating at a loss is arguably anticompetitive and monopolistic - not every company has the luxury of doing that, making it extremely difficult to compete against them. Seems pretty clear, with the incessant ads, that they've accomplished the first step in that and are rounding the corner to extracting capital from their users now. So they're not exactly a benevolent actor in this either.