Google CEO Eric Schmidt let slip that YouTube has yet to gain profitability, after over five years of sharing videos of awesome explosions and unlikely animal friendships with the sector. Schmidt did say that it’s ” nearing profitability,” which means that nothing.
The statement makes one revisit some of YouTube’s recent decisions throughout the lens of makin’ that paper-on the only hand, pay-per-view movies is usually a solid revenue stream. Then again, user-friendly decisions like ad-skipping and bumping up video length cut into the base line. We’ll must wait and notice how soon ” nearing” really is. [ All Things D ]
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