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
Youtube is owned by Google. That tells you everything you need to know about a competitor rising up.
Other heavyweights like Amazon have no need to venture into a video hosting platform when they’re already monopolizing other avenues like online shopping and cloud servers. Everyone else is just too poor to even attempt to rival youtube.
Latest Answers