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Of course they're trying to make a profit. Youtube, Google, nor Alphabet are a charity. "Profit is inherently evil" is a difficult point of view to have on thi
by madeofpalk 5y ago
Of course they're trying to make a profit. Youtube, Google, nor Alphabet are a charity.
"Profit is inherently evil" is a difficult point of view to have on this venture captial forum.
- CuriouslyC 5y agoI think advertising is evil is the sentiment, and that's not out of place in a forum that has a focus on building a better future, rather than making money any way possible.
- TaylorAlexander 5y agoThis thread has been a fascinating exercise in reading comprehension. I was replying to the statement "Google isn't really rent seeking with Youtube." Rent seeking is a form of making profit. So of course they are making a profit. The question is whether they are making a profit in order to fund their operations as was suggested by the person I was replying to, or if they are "rent seeking". According to wikipedia "Rent-seeking is the effort to increase one's share of existing wealth without creating new wealth." That is why I said they "at some point they decided to turn the screws and really ramp up advertising". The claim I am making is a direct reply to the person who said they are not rent seeking, they are merely seeking profit to fund their operations. I am making the claim that they have moved beyond that to seeking profit without creating additional value in their service. Now one can argue whether or not I am correct, but what was never under question was whether or not they are making a profit. The only thing being questioned was the purpose and result of that profit seeking.