Raise your hand if you remember money
It's a nice feeling when you trump a few media outlets on a story, isn't it? Earlier this year, we reported on how much of a bust Youtube is turning out to be, from a financial standpoint, and now both the Independent and Gawker have reported on the same matter (though the $470 million loss we originaly reported has been toned down to $380 at most). This story has resurfaced around the same time as the record industry settled a long-standing feud with Internet radio and Google's announcement of its jump into the operating systems market. What a wild time for all of the webaholics, no? The feverish proponents of the web's current lackadaisical stance toward copyright protection and apathetic attitude toward things such a money continue to scoff at claims that the current model is broken, it's a seesaw that tilts perpetually toward the consumer.
