YouTube in TIME's 'top tech failures

Time has published a feature on the '10 biggest tech failures of the last decade' and has included YouTube in the list. TechRadar reports.

Adding the world's most popular video-upload site as one of the major tech flops of the last 10 years is something of a surprise, but the feature points to the website's lack of financial success as one of the reasons it has been included.

"Credit Suisse estimated that YouTube will lose $470 million this year primarily due to the costs of the storage and bandwidth required to run the website.

"The same analyst said that YouTube will bring in $240 million this year, but that is only up 20% from 2008. If this analysis is even close to correct, YouTube would have to triple its revenue to break even."

The damning diatribe concludes with: "YouTube is big, but that has not made it a success."

Other tech travesties included on the list are the original Palm Pilot, the Segway and, unsurprisingly, HD DVD.

emily | 9:35 AM | YouTube |
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