this post was submitted on 01 Nov 2023
355 points (93.2% liked)
Technology
60070 readers
4742 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.