YouTube Not Just A Massive Money Pit

Remember the story we posted yesterday that said YouTube was a massive money pit? Yeah, well here’s the other side of the story. You know things aren't going well when you can say "we only lost $175M…not $470M" and call that good news.

In a report set for release today, RampRate founder Tony Greenberg estimates that YouTube will lose just $174 million -- 63% less than the $470 million loss forecast last April by investment bank Credit Suisse. The bank estimates YouTube's revenue at $240 million.

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