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I have to disagree with the urban legend that Google is happy and comfortable losing money because it is so huge. They brought in a new exec whose sole job was to slash costs and keep up profitability across all areas of their business. And not just small cuts, they made huge sweeping cuts, tens of thousands of jobs cut, etc. Google is just as concerned about losing money as any other company, even more so since they are probably the least diversified company around at the moment.
The urban legend that Google doesn't care about losing money is just not true. They are working VERY hard to turn Youtube around but just can't do it.
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