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uBlock Origin VS YouTube's Anti-Adblock
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I would imagine that most people aren't on YouTube except when people send them links to videos. Once they deactivate their ad blocker to watch a three minute cat video and get four preroll ads and a couple of midrolls they'll immediately turn their ad blocker off or just never come back.
This diminishes engagement, doing the exact opposite of what they're trying to accomplish.
By all accounts YouTube is profitable, it's just owned by greedy cunts.
Nearly everyone I know watches YouTube in some kind or another regularly. Most of them on a smart TV or mobile with ads. I think the amount of people watching youtube regularly is vastly higher than the amount of people just watching it when they get sent one video. Espechially since most people use phones to communicate with others and will watch the Videos sent to them with that device and the original YouTube App.