think about Factom think yooya :)30 Jan 2018 18:09
YouTube: 0 to $9 Billion in revenue in just 10 years.
10 years ago, Google bought YouTube for $1.65 billion USD. At the time, the company had been in operation just over a year and generated a whopping $0 in revenue. To many investors, the acquisition was a horrible idea. But to some, it was brilliant. Youtube had a massive user base, approximately 50 million users, and it was growing fast. People were emailing videos to each other and content was going viral. Even though the company didn�t have any logical revenue streams in place, Google wasn�t concerned.
Today, YouTube counts over a billion users. It�s worth over $70 billion USD. Its value has increased 42 times since Google acquired it. YouTube now generates nearly $9 billion in annual revenue, which is almost 1/8th of Google�s $74.54 billion in revenue.
Google saw it was more important for YouTube to invest its resources in continuing its magical formula of generating growth. YouTube was doing something special. Users were providing free content for others and distributing and sharing it with each other, directly through the web, email, and word of mouth. Google had confidence that focusing on that explosive growth would pay off better than shifting priorities to the bottom line.