this post was submitted on 01 Nov 2023
956 points (95.9% liked)
Technology
59641 readers
2611 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Why not? Youtube was big before google bought it
Youtube had a space devoid of competition. The next guy doesn't. If the next guy wants to compete, they have to have all the features of Youtube or people will complain. Many of Youtube's current features cost money and weren't present when Youtube started.
The space is also more regulated now that Youtube exists, meaning the new guy has to follow regulations which normally costs money. When Youtube started, those regulations didn't exist, because Youtube didn't exist.
Youtube got big by building a city in an open field surrounded by nothing but open fields. The next guy has to build a city directly next to Youtube, follow all the same laws as Youtube, and ask you not to drive into Youtube.
Two reasons:
Now you'd need to distinguish yourself from YouTube in a meaningful way as well as provide a sustainable revenue model, such as advertising, in order to gain access to a similar amount of venture capital.
Did youtube at the time serve millions of users daily and stored a gargantuan amount of petabytes worth of videos?
Even if a competitor rises, they will need money somehow, and in this hell of a capitalist world, only big corporations have it.
They were big through investors throwing money at a money sink for years. Youtube was losing tens to hundreds of millions of dollars a year for a long time, before it finally became profitable.
A new competitor wouldn't get such favorable support from investors.