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A Question of Commodification: Is YouTube Bleeding Google’s Money or Are Execs Trying to Tank the Video Brand?
Is the internet monolith YouTube hemorrhaging Google’s money or are the losses exaggerated? The AP reports that technology consultants RampRate Inc. projected a $174.2 million dollar operating loss for the 2009 fiscal year for the video site. In April of last year, YouTube’s quarterly projections, as estimated by Credit Suisse analysts Spencer Wang and Kenneth [...]
How the Crisis Changed Porn and Politics
On January 8th, porn industry moguls Larry Flynt and Joe Francis appealed to Washington for a $5 billion bailout. “The government’s handing out money to the auto industry,” said Francis, creator of the “Girls Gone Wild” franchise, “why shouldn’t it hand some to an industry the nation could not live without?”” While their appeal amounted [...]
Porn Falls on Hard Times
It was once thought that porn would be the sole survivor of the crisis. The monolithic industry, which generated roughly $12 billion in 2007, believed it would thrive amid the doom and gloom like a cockroach in a nuclear blast.
Sure, industry experts were worried about lack-luster sales and an ever growing internet, amateur, threat, but [...]
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