The Grumpy Old Techie » Tech News from Slashdot http://www.grumpyoldtechie.com/wordpress2 Rants and Raves about Technology by the Grumpy Old Techie Sat, 19 Jun 2010 23:03:29 +0000 en hourly 1 http://wordpress.org/?v=3.0 Slashdot http://www.grumpyoldtechie.com/wordpress2/2008/07/07/slashdot/ http://www.grumpyoldtechie.com/wordpress2/2008/07/07/slashdot/#comments Mon, 07 Jul 2008 20:54:12 +0000 Grumpy Old Techie http://grumpyoldtechie.com/wordpress2/?p=860 Slashdot
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2010 May Be the First Year YouTube Turns a Profit
eldavojohn writes "Analysts are saying that this year will be the first year YouTube turns a profit. From the New York Times article: 'In the last year, the video site has become a significant contributor to the family business at a time when Google, which makes more than 90 percent of its revenue from text search ads, is seeking a second act. Though Google does not report YouTube's earnings, it has hinted that it is hovering near profitability. Analysts say YouTube will bring in around $450 million in revenue this year and earn a profit. Revenue at YouTube has more than doubled each year for the last three years, according to the company.' Of course a little over a year ago we were being told that YouTube was losing around $1.65 million each day. Regardless, when you pay $1.65 billion for a business, you probably don't expect it to take three to four years before you start making your money back."

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Tags: hardware, linux, open source, slashdot, software]]> Slashdot
Slashdot
News for nerds, stuff that matters

2010 May Be the First Year YouTube Turns a Profit
eldavojohn writes "Analysts are saying that this year will be the first year YouTube turns a profit. From the New York Times article: 'In the last year, the video site has become a significant contributor to the family business at a time when Google, which makes more than 90 percent of its revenue from text search ads, is seeking a second act. Though Google does not report YouTube's earnings, it has hinted that it is hovering near profitability. Analysts say YouTube will bring in around $450 million in revenue this year and earn a profit. Revenue at YouTube has more than doubled each year for the last three years, according to the company.' Of course a little over a year ago we were being told that YouTube was losing around $1.65 million each day. Regardless, when you pay $1.65 billion for a business, you probably don't expect it to take three to four years before you start making your money back."

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