this post was submitted on 18 Oct 2023
729 points (98.2% liked)
Technology
59607 readers
3268 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Fuck it. I'll just say this instead. It's time to break up the tech monopolies. Google, Microsoft, etc.
TRUST BUSTING: 21st CENTURY EDITION! FUCK YEAHHHH
Of course most everyone here would agree, but the likelyhood of that ever happening is incredibly low.
Well of course. Now what ?
Yeah, good luck hosting a high quality video streaming service for free and eating up millions of dollars in losses.
then don't do something for the benefit of humanity if you can't handle not having infinite line-go-up. Numbers aren't easily found but it looks like they generated north of a billion in profit, not revenue, profit.
If a billion, after all bills are paid, is not enough. Give it to someone to whom a billion is enough.
Wut?
companies enshittify themselves not to make money but to make more money than they did 3 months ago, repeat indefinitely.
If you didn't have to meet that metric, and were happy with generating a billion dollars a year and didn't have to make it 1.3B by next year, and 1.6B by the following, then you wouldn't have to shittify your product to do so.
So when people are like "oh but poor YouTube won't make any money if they make their product user friendly" don't mean they will make no money, it's that they will fall short of making 30% more money than last year and "only" make 10% more than last year.
(all numbers made up for illustrative purposes only)
That's your problem here. YouTube's revenue growth is less than 2% YoY. That's below inflation. Meaning they effectively lose money.
Where did you get that number from?
And Inflationary costs are taken into account before profit, so no, they aren't losing money.
YouTube is a public company, all numbers are publicly available.
the company is Alphabet, not YouTube.
Alphabet Inc. is a holding. YouTube is part of Google Inc.
Youtube was doing it for years before Google acquired them.
YouTube only existed for about 20 months before Google acquired them
It didn't exist that long. And it didn't allow you to watch 4K or even Full HD videos.
Breaking up big tech doesn't mean that we all have to host our own YouTube.
It doesn't. But you need to have a replacement. So, go ahead, and create a free video hosting!
They don't have to be dicks about it. Neither do you.