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.NET News Desk Microsoft Bleeding from the YouTube Wars
It’s scaling back its YouTube-competitive Soapbox web video service
By: Maureen O'Gara
Jun. 19, 2009 12:45 PM
Microsoft VP Erik Jorgensen indicated that continuing with the YouTube approach is too costly in this economy. YouTube, meanwhile, is calculated to be costing Google $174.2 million in operating losses by RampRate, not the $470.6 million Credit Suisse projected a few weeks ago. They're also divided on what it costs Google to host all the YouTube video: $380 million or $83 million. RampRate, which used Credit Suisse's $241 million estimate for YouTube revenues this year, suggested that "Google is no doubt thrilled to let YouTube be known as a financial folly." Google paid $1.76 billion for it in late '06.
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According to CNET, the new economical Microsoft is scaling back its YouTube-competitive Soapbox web video service, meaning to limit content to categories covered by its online properties like finance and entertainment. It could just as easily give the venture up as a complete loss and shut it down.
