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>Customers are people watching Why do you classify youtube watchers as customers and facebook users as capital? The vast majority of youtube's revenue is from
by learc83 11y ago
>Customers are people watching
Why do you classify youtube watchers as customers and facebook users as capital?
The vast majority of youtube's revenue is from ads, so to me that says that youtube is in the same category as facebook.
- sah2ed 11y agoWell, you don't need a Google account to consume content on YouTube (yet), but without a Facebook account and a decent number of friends, there would be no impulsive need to check your news feed on Facebook.
- alaskamiller 11y agoThat was how Facebook used to work but now they're basically an RSS reader, the sources being either your friends published content or anything and anyone else for that matter.
- Balgair 11y agoGood call! I had not thought of FB as that, but you are right. I guess the next step for them is to then try to transition into a bank or some other enterprise that tracks and stores value. That usually seems to be the way these things go.
- alaskamiller 11y agoThey already are. They're an identity store. You leverage your facebook profile to gain access to properties, be given permissions or access, and your value is measurable by the input output of your usage. Travel around the world right now and show either your government identification or a printed copy of your facebook profile and wouldn't it be weird if a young person you meet takes more credibility from that printed page than the validity and authority of your government id?
- copsarebastards 11y agoAgreed. I do think YouTube will survive whatever collapses come, because they hold too much of a monopoly on video to fail (something similar goes for Facebook). But their profit model is still that of a social media company.