When Eric Schmidt talks, everyone listens. And when the Google CEO acknowleges the company's $1.65-billion takeover of YouTube has yet to produce a revenue model, everyone should be paying attention.
No matter that YouTube is the brand leader and has all the familiarity of Facebook and MySpace, the world's largest Internet company hasn't found a way to insinuate profit into the picture.
In catching up to his lengthy CNBC interview of this week, it was apparent there are several products to come in the advertising realm but admit the commerce had not caught up to the creativity of YouTube.
If you're looking for a new understanding of media consumption and distribution, here's a quick primer. Loic Le Meur's video blog outlines his "social map" and the critical connections he makes to his friends and acquaintances to push content and pull content. If the news wants me, it will find me, he suggests. It's a fascinating YouTube addition and worth studying --- and, perhaps, implementing.
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