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.
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. ✌️
That’s a pretty textbook ad hominem, so I don’t think there’s much to continue here.
Have a good one, either way.
Edit: Saw that you used an alt account to downvote me twice. That’s actually kind of pitiful. You won this argument, okay champ?
I’m blocking you now. Bye 👋