this post was submitted on 16 Jan 2024
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YouTube (file.coffee)
submitted 10 months ago by Zerush@lemmy.ml to c/memes@lemmy.ml
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[–] Gladaed@feddit.de 3 points 10 months ago (1 children)

Counterpoint. Still not making profits.

[–] winterayars@sh.itjust.works 1 points 10 months ago (2 children)

Counterpoint to the counterpoint: Youtube made $28 billion in revenue in 2021. Bandwidth and storage space are expensive but i can't believe they're that expensive. If they're not profitable then i have to assume that's a decision they're making.

[–] Sheeple@lemmy.world 2 points 10 months ago

But how will the CEO afford their 7th yacht?

[–] Gladaed@feddit.de -2 points 10 months ago

They pass a lot of the income to producers. Youtube allegedly pays best. They have a ginormous catalogue of videos and allow any user to upload unlimited data.