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this post was submitted on 01 Nov 2023
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Yes, they bought it (in 2006). However, it wasn't what it is today, and IIRC it was "in the red" (losing money). It was in the red for years after Google bought it as well. There's not a lot of good information on this unfortunately with regard to the current state. The last update we had was in 2015 that YouTube wasn't making money https://www.wsj.com/articles/viewers-dont-add-up-to-profit-for-youtube-1424897967
That's 9 years of operating at a loss, and probably the 9 years people think of most fondly... We were getting the service at a loss to Google.