Isn't the official story that YouTube still isn't profitable?
If that's true, then Calacanis kinda had a point.
http://www.wsj.com/articles/viewers-dont-add-up-to-profit-fo...
If that's true, then Calacanis kinda had a point.
http://www.wsj.com/articles/viewers-dont-add-up-to-profit-fo...
Like any other business, you reinvest profit as long as your growth is accelerating.
In my book, as long as there are customers who are paying money and they're happy with the results, you're a real business. (Would love to hear counterpoint perspectives!)