It is ’show me the money time’ for online video and social networking companies. Things are not looking promising yet.
NewTeeVee reports that analysts estimate youtube to lose $470M this year.
A new report by Credit Suisse projects that video-sharing giant YouTube is on track to lose $470 million this year, writes Multichannel News.
Credit Suisse says YouTube will generate $240 million in revenue, but those revenues will be dwarfed by the $711 million in licensing, hardware, marketing and other expenses the site will incur. About half of that expense will go towards bandwidth, which Credit Suisse pegs at $360 million.
Meanwhile twitter says they will start working on revenues this year.
Biz Stone must’ve been a bit overwhelmed to be invited onto The Colbert Report, but it was never going to be an easy ride. But his comments don’t sound like a Google takeover is imminent.
When he got a word in, the Twitter co-founder said the company will experiment with money-making streams this year.
“As we grow that network it becomes more valuable, as we add new features, make it more robust… when we get to the point where we feel we have gotten there we will experimenting with revenue models. This is not unlike the way Google approached their revenue.”
“We’re going to start experimenting this year.”
Colbert started tweeting during one of Stone’s answers, just to prove a point.
“So the ‘Biz’ in Biz Stone doesn’t stand for ‘business model’, I assume?” quipped Colbert,
Here is the video of Biz stone on Colbert Report:
| The Colbert Report | Mon - Thurs 11:30pm / 10:30c | |||
| Biz Stone | ||||
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