Hacker News new | ask | show | jobs
by munificent 2504 days ago
No, I'm certainly not. YouTube isn't anything like a conventional market:

* Consumers do not pay money for each transaction of content they consume. Instead, they pay with their attention. But that doesn't work like a currency because their goal is not to minimize the attention they spend. It's burning a hole in their pocket and they want to give their time to YouTube.

* YouTube spends next to no money on each unit of product they deliver. After they show a user a video, they still have it.

So looking at this as any kind of supply and demand situation is going to just completely muddle the economics. The supply is nearly infinite and the "demand" is hard to even define.

1 comments

Fair enough. I mean to say that YouTubers have followings that are very strong and they have never had a coalition to test a mass strike or exodus. They have a unique product that can’t just be supplanted with an analog as if they are simply interchangeable.

Like, “oh we don’t have John Oliver anymore but here’s Redacted Tonight with Lee Camp! Everyone’s happy, right?”