Not really. Vimeo shows that you can corner niche markets successfully.
Profitability and growth aren't dependent on market dominance, even in tech.
Profitability and growth aren't dependent on market dominance, even in tech.
Vimeo aims for $100mil this year: https://www.reuters.com/article/us-iac-interactive-vimeo/iac...
YouTube Could be a $15 billion business this year: https://www.fool.com/investing/2018/02/18/youtube-could-be-a...
Even in your article it talks about how Youtube isn't exactly profitable, and is dragging down Google's average CPC for the business.