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
They had Vimeo for a while and it still exists and is probably the closest thing to a “competitor” YouTube has. It’s just not really one anymore .
Basically online video is extremely expensive and complicated so few are willing to truly challenge YouTube. Esp bc as a start up what could you really offer to creators/viewers to get them interested in using your platform.
If companies compete it tends to be standalone paid services like say Nebula.
YouTube lost money for a very long time doing what they do.
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