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YouTube: The Money Pit

in News on April 3, 2009 at 1:00 pm PT

It’s been well over two years since the $1.65 billion acquisition and Google has yet to truly monetize YouTube. To wit, a report this week from Credit Suisse that predicts YouTube will earn $240 million in revenue in 2009. Which wouldn’t be half bad were it not for the fact that YouTube is on track to lose $470 million in 2009.
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