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I think a more reasonable conclusion is that they can no longer continue growing their revenue with ad-block enabled, not that they aren't profitable. Remember

I think a more reasonable conclusion is that they can no longer continue growing their revenue with ad-block enabled, not that they aren't profitable. Remember, companies are about maximizing profit, not merely making a reasonable profit.

rchaud 3y ago
If they want to maximize profit, they should be playing hardball on their Google Cloud contracts instead of shoving more ads into every video. They're obviously GCP's biggest user, and that would give them enormous leverage to cut a better deal.