Thursday, May 2, 2019
Youtube loses $70B in market cap
Pull quote: "You know what made Youtube great? Youtubers."
And yet Youtube is getting rid of (or at least de-monitizing) lots of conservative voices. While the pelt of Alex Jones' wookie suit may be luxurious indeed, he had a ton of followers and a lot of ad revenue for Youtube. Not anymore. Multiply by all the other folks who have been banned/shadow banned/de-monitized, and you're talking real revenue.
It's sort of a "growth by subtraction" strategy. Sure, this makes the Left happy, but it's not like they spend any more time or money (ad clicks) at Youtube. Folks on the other side? They spend less time and clicks at Youtube.
Tagged under The decline of the Progressive West because, well, you know.