Google: ‘YouTube isn’t about revenue generation…. but we don’t like losing $470 million!’ | Startup Meme - Technology Startup and Latest Tech News

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Apr 6 2009

Google: ‘YouTube isn’t about revenue generation…. but we don’t like losing $470 million!’

Sardar Mohkim Khan 

image thumb23 Google: YouTube isnt about revenue generation.... but we dont like losing $470 million!

While Google may state that YouTube is more about video search rather revenue generation that doesn’t mean losing a few hundred million won’t hurt it. Analyst, Spencer Wang from CreditSuisse estimates that YouTube might suffer a loss of $470 million. While this may sound impossible, given that YouTube has hastened steps to get in deals with major labels, to help monetize its video platform. We agree that YouTube wants to stay as it is, but it won’t hurt redefining their monetizing strategy and earn a healthy cash where it’s due.

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