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Vimeo banned video game content in 2008. Users migrated to other sites that were soon worth far more than Vimeo. Focusing on video game material instead of bei
by badlibrarian 2y ago
Vimeo banned video game content in 2008. Users migrated to other sites that were soon worth far more than Vimeo.
Focusing on video game material instead of being neutral and coming up with a reasonable business model that makes sense for all your customers (then communicating it up front) is the problem. There's always going to be a subset of customers that pushes the envelope. This conflicts with short term growth strategies but perhaps there's a little room for ethics to sneak in.
https://www.cnet.com/tech/services-and-software/vimeo-bans-video-game-clips-for-lack-of-creative-expression/ https://www.cnet.com/tech/services-and-software/vimeo-bans-v...
- EfficientDude 2y agoJust to be clear - no video streaming site or service has been profitable in the long run, not yet anyway.
- joseda-hg 2y agoAre there any numbers on YouTube? While I don't doubt their costs are orders of magnitude bigger that other services, they also operate at a different scale operate as a defacto music service (I'm not talking about YT Music), and have the largest pool of ads to serve
- packetlost 2y agoiirc they turned a profit one quarter a few years ago but are otherwise a loss leader for Googles as business
- acchow 2y agoYouTube profits aren't broken out separately. However, Google's quarterly and annual reports do give Youtube Ad revenues, which were $36bn in fiscal 2024. That Youtube is not profitable is quite the strong claim..... https://www.sec.gov/Archives/edgar/data/1652044/000165204425000014/goog-20241231.htm https://www.sec.gov/Archives/edgar/data/1652044/000165204425...
- deanCommie 2y agoTechnically nothing what you said disputes the claim. You're jumping to the assumption that surely YouTube's costs have to be lower than $36B, and that is not at all assured. They handle an absolutely gargantuan amount of network data transfer, not to mention processing compute. I'm ignoring the storage but even that at their scale is probably at least 1B.
- badlibrarian 2y agoVimeo, a terrible business, has been profitable for seven straight quarters. "From Q4 2023 to Q3 2024, YouTube's combined revenue from advertising and subscriptions exceeded $50 billion." https://en.wikipedia.org/wiki/YouTube#cite_note-13 https://en.wikipedia.org/wiki/YouTube#cite_note-13
- SR2Z 2y agoYouTube has been making a few billion dollars a year in profit for a while now. Yes, network and compute is expensive, but when you are the size of Google the economics look a little different.
- poincaredisk 2y ago>YouTube has been making a few billion dollars a year in profit for a while now. Are you insider, or have access to leaks I'm not aware of? YouTube profits are not public information (they are not broken down in the public fillings) so how can you say that confidently?
- SR2Z 2y agoI'm not going to dox myself, but it is pretty clear that unless YT is extremely inefficient (by Google standards), it's making money: https://mannhowie.com/youtube-valuation https://mannhowie.com/youtube-valuation Think about it another way: Google would be only too happy to kill the site if it wasn't making money.
- bob_theslob646 2y ago
- fc417fc802 2y agoIn addition to the loss leader aspect it has for their other business units, what about more traditional expenses? Directly serving ads aside, all the user behavioral and popular trend data has to be hugely valuable in its own right. Plus all that ML training data would have cost them something if they hadn't already had it sitting on their servers. It seems like you just have to be sufficiently large before you can successfully monetize a video platform.
- StressedDev 2y agoNetflix is very profitable. Its net income for 2022 was $4.4 billion; for 2023 it was $5.4 billion; and in 2024 it was $8.7 billion. For more information, go to https://ir.netflix.net/financials/quarterly-earnings/default.aspx https://ir.netflix.net/financials/quarterly-earnings/default... . The 2024 Q4 earning announcement has a spread sheet with Netflix's financial results for the last 3 years.
- 0xFF0123 2y agoI imagine they meant user content video streaming sites.
- EfficientDude 2y agoIs that profit? Income isn't profit.
- rchaud 2y agoAnd yet it is not Vimeo who has to delete petabytes of data to cut costs.
- badlibrarian 2y agoNot the point of my original post, but Vimeo is famous for layoffs and firing expensive customers, too. In March 2022 they told some users that their channels would now cost thousands of dollars a month.
- Dylan16807 2y ago> Focusing on video game material instead of being neutral and coming up with a reasonable business model that makes sense for all your customers (then communicating it up front) is the problem. There's always going to be a subset of customers that pushes the envelope. Are you implying that the videos getting hit by this are not generally video game content? I don't think that's right. In particular there's a lot of speedrun recordings that are going to disappear when this day hits. (The HN title had to cut some of the explanation for brevity, probably 99% of what is going to get deleted is long highlights, not uploads.)
- genewitch 2y agoif you know of any speedruns that are going to be lost, and you care, upload them to youtube and then link them on speedrun.com or something. Expecting one of the richest companies in america to just "host video" for users is too much.
- wpm 2y agoTwitch’s largest category is “just chatting”. A large chunk of the content they serve has nothing to do with video games.
- badlibrarian 2y agoThat's because it's the catch all that won't get you banned for setting the wrong category.