Sure, but there was also a time where companies tried to make that profit by providing good products and enjoyable experiences customers wanted, rather than simply being a monopoly where users can choose between an obscene amount of ads or yet another subscription
That’s an interesting point. Perhaps there was a time when quality was the defining metric and customer enjoyment was considered. In hindsight, this was short-lived, as other metrics became more important in order to satisfy stakeholders. My point is that this is always bound to happen in a capitalist system.
That’s standard procedure for a start-up. You rely on investment money and focus on growth rather than profitability.
I don’t understand the nostalgia for a YouTube that was supposedly only created for our enjoyment. It never existed. It was always going to squeeze as much money out of its users as possible to satisfy its shareholders.
What are you talking about? I’m kinda speechless. In tech it’s absolutely normal to not be profitable after 3 years.
Amazon, Uber, Tesla, Netflix. Just off the top of my head. You can find many more. And we don’t even need to talk about AI. Have you seen their profits?
My dude, you’re lost in the sauce. You edited your comment to mention the dot-com bubble after I posted but why would we even talk about that? YouTube wasn’t founded until several years later.
Why wouldn’t I talk about VC? YouTube was backed by VC a couple of months after its creation.
I’m not sure it was about profit when it was an independent website that had no ads. You know, before Google bought it. How was it even making money back then?
YouTube began as an angel-funded enterprise working from a makeshift office in a garage. In November 2005, venture firm Sequoia Capital invested an initial $3.5 million,[20] and Roelof Botha (a partner of the firm and former CFO of PayPal) joined the YouTube board of directors. In April 2006, Sequoia and Artis Capital Management invested an additional $8 million in the company, which had experienced significant growth in its first few months.
When YouTube saw us as people and not just metrics…
I love the illusion and enjoy immersing myself in it, but let’s not kid ourselves. It has always been about profit.
Sure, but there was also a time where companies tried to make that profit by providing good products and enjoyable experiences customers wanted, rather than simply being a monopoly where users can choose between an obscene amount of ads or yet another subscription
That’s an interesting point. Perhaps there was a time when quality was the defining metric and customer enjoyment was considered. In hindsight, this was short-lived, as other metrics became more important in order to satisfy stakeholders. My point is that this is always bound to happen in a capitalist system.
May feel fun to say or something but that’s inaccurate. It took YouTube 5 years to break even.
That’s standard procedure for a start-up. You rely on investment money and focus on growth rather than profitability.
I don’t understand the nostalgia for a YouTube that was supposedly only created for our enjoyment. It never existed. It was always going to squeeze as much money out of its users as possible to satisfy its shareholders.
Again inaccurate.
Business loans (especially tech sector circa the .com bust) most typically expect solvency within 3 years.
It was a big deal that YouTube wasn’t profitable nearly 5 years in. They were expected to lose nearly half a billion their 5th year.
What are you talking about? I’m kinda speechless. In tech it’s absolutely normal to not be profitable after 3 years. Amazon, Uber, Tesla, Netflix. Just off the top of my head. You can find many more. And we don’t even need to talk about AI. Have you seen their profits?
The only company you mentioned that even existed during the .com bubble is Amazon.
Not a single company you listed isnt VC, more importantly. Not someone taking out a business loan.
My dude, you’re lost in the sauce. You edited your comment to mention the dot-com bubble after I posted but why would we even talk about that? YouTube wasn’t founded until several years later.
Why wouldn’t I talk about VC? YouTube was backed by VC a couple of months after its creation.
I’m not going to engage with someone who cannot bother to read what they’re responding to. You have a reading comprehension problem here.
Peace out girl scout. ✌️
I’m not sure it was about profit when it was an independent website that had no ads. You know, before Google bought it. How was it even making money back then?
https://en.wikipedia.org/wiki/History_of_YouTube
That’s the neat part, it wasn’t