May 1, 2008

Google still scratching head over YouTube profits

070507_youtube_tur.jpg Google CEO Eric Schmidt likely surprised few by confirming Wednesday that his company's video-sharing powerhouse YouTube isn't quite throwing off lots of cash. News Blog reports.

"It was obvious from Google's earnings reports that YouTube has yet to generate material income. Still, it's worth noting, 18 months after Google acquired YouTube for $1.65 billion, the company has acknowledged that it hasn't "figured out the perfect solution of how to make money."

... More than 10 hours of video is uploaded to YouTube every minute. Google and YouTube are paying what many believe are millions in bandwidth costs every year. They have every right to be compensated. "

emily | 9:32 AM | Advertising / Marketing | Add this this entry to your del.icio.us bookmarks. Digg This Technorati search results for this Entry
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