Quote:
Originally Posted by DWB
Youtube is turning a profit now?
About time. I thought they were losing millions. Just last year I read Google was still trying to find a way to make it profitable.
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On a cash basis, most analysists estimate it became profitable with ContentID late 2010. Hurley and Chen wouls say it was profitable before the Google purchase and hat's why I agree. Something like $100 million was invested. The company was worth $1.8 billion when Google bought it. That sounds like a $1.7 billion profit to me. Yes, they were losing cash, but in exchange they owned online video, buying millions of users. A few million loyal users is valuable.
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