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Comment on Youtube remains unprofitable 3 years after Google acquisitionparent

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I think this is getting more and more common because of so-called "tech" bloggers not fact-checking their stories and generally overhyping social media (twitter/facebook/youtube etc..) because of their relative simplicity compared to something like the intracacies of bandwidth economics.

Unlike traditional journalists (though clearly not the NYT!) these guys don't have black books of knowledgable people to call up and ask on a certain issue.

Social media makes everyone's opinions and views a lot more equal (when really they shouldn't be) and these stories eventually bubble up to traditional media, which have the view that since the whole "blogosphere" is talking about it as fact; it must be fact.

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