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International YouTube Premium price increase starts in 7 countries
(9to5google.com)
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this post was submitted on 02 Nov 2023
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YT was always operated at a loss, no amount of premium memberships were ever going to pay for it. The business model, and the main reason why Google bought it, was always to profile and broker personal data. That has always been the deal and has always been profitable for them. I don’t see why I should give them money on top of that.
Google's business model literally disincentivizes selling (brokering) personal data. I'm so tired of this misconception. The business model is built on selling targeted advertisements. Google wants to keep this data to itself because it gives them a competitive advantage in the ad space.
Selling your data would give competitors power in the marketplace. So yes, Google collects data and uses it, but no, Google does not sell your data. It sells targeting BASED on your data.
Very different, regardless of if it is any better.
Yes, it's a "lies to children" (Sir Terry Prachett, The Science of Discworld)
They collect the data and then promise ads will get superior click through rates through precise targeting provided by said cash.
Still, they collect enough, and serve ads all over the web that I've never clicked on before ad blockers, and I'm not going to start now, and they still have a trillion dollars on hand.
Because things like GDPR make the data collection and sale business not as lucrative anymore, and every day how many petabytes of extra video gets uploaded? I work with cloud providers every day and storage isn't cheap.
Good thing Google is among the richest companies ever with a theorized bank of over a trillion dollars.
Unfortunately for profit companies don't care how much is in the bank. Publicly traded companies only care about making number go up so people don't dump their shares.