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What was supposed to be "The Next Big Thing", but totally flopped? (lemmy.ml)

submitted 2 years ago by AltF2@lemmy.ml to c/asklemmy@lemmy.ml

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[–] AgreeableLandscape@lemmy.ml 1 points 2 years ago* (last edited 2 years ago)

Vidme and Vlare, which were both potential alternatives to YouTube but were shut down due to lack of funding.

This starts to make sense when you realize that YouTube was confirmed to NOT be making a making a profit as late as 2015, and potentially still isn't. Apparently, having a profitable video streaming business is just hard. The only reason that Google can do it is because they're rich AF and can afford to do the shotgun method of continuing to operate it at a loss for a long time and hope it becomes profitable eventually.