Google: YouTube Not Profitable Yet, But Will Be Soon

Google has been saying for a while that they plan to make YouTube profitable. Earlier there were reports that YouTube costs $2 million per day to keep running. Google Inc. (NASDAQ:GOOG) CEO Eric Schmidt was heard talking on the sidelines of a conference at French university SciencesPo: “YouTube is ‘nearing profitability and its revenue is doing quite well.” [AllThingsD]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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