YouTube has purportedly raised $11+ million, but it's operational costs -- bandwith alone, even -- must be huge. Sure, they have a lot of eyeballs but how do they make money out of this? There ain't no such thing as a free lunch.
There are a bunch of competitors now too... I posted some videos today from MetaCafe. What is the barrier to entry for other competing companies?
I've recently got a new cell phone and the streaming video capabilities are pretty impressive. Maybe that's a good market for YouTube? In any case, it will be interesting to see what happens.
Update: Here's a good article on YouTube: YouTube - The Complete Profile.
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