718
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 18 Oct 2023
718 points (98.1% liked)
Technology
60078 readers
4254 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 2 years ago
MODERATORS
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.