It seems that Google's YouTube, has only one really competitor: television. So says the New York Times
. YouTube is 10 times as popular as its nearest online competitor. Hunter Walk, director
of product management at YouTube, says that the average user spends about 15 minutes a day on YouTube, but five hours in front of the television.
And though the endeavor is still not yet
profitable, Google looks on the bright side, and has hopes for the promise YouTube holds for search, which is why the tech giant bought YouTube in the first place. With 20 hours of video uploaded to
the site every minute, YouTube is a giant lab for recommendations engines.
Read the whole story at New York Times »