YouTube requires rich parent

Interesting economic picture at the global video sharing phenomenon YouTube which supplies 40 per cent of all videos watched online worldwide for free.

Running costs are between 500m to 1bn dollars a year against annual revenues of 240m dollars!

Fortunate that its owner Google is so very rich (and getting richer).

They have an estimated cash pile of 16bn dollars so they can afford to be a generous parent.
Sent from my handheld