Youtube doesn’t have a large competitor challenging it for market share like other major companies do. There are plenty of streaming services, but YouTube is the only game in town when it comes to people generally browsing video content and following their favorite creators.
Coca-Cola has Pepsi. McDonald’s has Burger King. Toyota has Honda. Why doesn’t YouTube have one?
In: Economics
If you look at the situation in this point in time, it’s because it would require a company to dump billions of USD for multiple years just to have a slight chance of making it.
No one is stupid enough to make a bet of that magnitude for odds that are heavily stacked against you, so no one does it.
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