Techrights Statement on YouTube
Google's or Alphabet's shares (and the whole stock market) crashed partly because of YouTube's poor performance (we'll share links about this in the next batch of Daily Links; "YouTube flounders!"). As far as we can gather, Google only talks about revenue/earnings, not income/profits, as YouTube lacks profits and it recently had mass layoffs, too. The matter was discussed earlier on in IRC and this outcome was predicted last summer as well (we urged both viewers and "creators" to abandon YouTube before "SHTF").
It seems reasonable to expect more YouTube layoffs some time soon. For people who still spend time on YouTube, expect more unskippable ads. Not ads that pay the real workers and people who do all the actual work (producing videos). They should expect diminishing returns, if any at all. What destroys people's lives financially isn't "AI" but greed and exploitation such as this.
YouTube is a dying platform in financial terms, but like TikTok its purpose isn't to make money but to censor, brainwash, or "program" people, one might say indoctrinate whole societies. In that respect, YouTube is a threat to a free and democratic society. █