Episode 114 • • 36:00 - 37:37
114: Obama's Pitch
YouTube Financial Losses, Google Revenue Projections
Google CEO Eric Schmidt claims YouTube will become profitable soon, despite estimates that the service loses half a billion dollars annually. Users currently upload 15 hours of video per minute, creating massive transcoding and storage costs. Speculation suggests YouTube may eventually implement a subscription fee to cover the immense bandwidth requirements of its global user base.