ArcBound said:
Edit: Upon reading around it seems that a lot of stuff from those years was just pure speculation as google never releases the full numbers. But you seem like you know better than I do so I'll take your word for it.
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I actually have zero idea how much or even if YouTube, as a separate business model from Google, is making money.
I just know that there's literally hundreds of other video sharing sites (meta cafe, daily motion, etc), but YouTube is still far and away the biggest piece of the online video pie.
So despite how annoying their ads are, the masses still consider YouTube as the "go to" spot to watch and upload vids.
But I'm pretty sure that if they outlawed online advertising, (or if for some reason EVERYBODY started using adblock) then plenty of popular sites would change significantly or vanish altogether.
It's one of those necessary evils, I guess. (Don't forget that Google, who owns YouTube was allegedly funded by the CIA and now fully supports the NSA).
As an aside, I remember as a kid, my dad would fly into a murderous rage whenever a commercial came on Cable TV.
"What the f%$# are they showing $#%@! commercials for goddamnit! I'm already paying for this $%%^%$#!!!"