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YouTube Still A Huge Mistake For Google, Says Mark Cuban

Says they "haven't really accomplished anything"

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YouTube Still A Huge Mistake For Google, Says Mark Cuban
[ Social Media]

Dallas Mavs owner and entrepreneur Mark Cuban was critical of Google’s decision to buy YouTube when it happened back in 2006. Apparently, those sentiments haven’t changed.

Appearing on the CBS What’s Trending show, he received a question submitted from Twitter about how he feels about the YouTube acquisition, now that we all know how big it has become. The latest figures show that about 1 in 4 Americans watch a video on YouTube every day. And that’s not even considering its impact around the world.

“I said it was a huge mistake back then, and I still think it’s a huge mistake.” he said.

He continued:

On one hand you say “Wow, YouTube has got all these people that come to their site,” but think about what’s really going on at YouTube.

And I really like Google – they are a good company that’s done a lot of great things. All YouTube is, is Google subsidizing the bandwidth of every individual in the world.

Check out the video below. He starts talking about YouTube around the 6:30 mark –

They haven’t really accomplished anything. There’s what – 9 zillion minutes – 9 zillion hours uploaded every minute and the reality is, people just use it to put up their baby videos to show grandma.

If you look at online video, there’s only one company making money and that’s Netflix.

There are some things that do well – you can name 100 people who are doing well and then there’s 9 zillion who suck.

So it seems that Cuban is focusing on the monetization of YouTube. But to say that they haven’t accomplished anything seems to be a stretch and to suggest that Google shouldn’t have acquired the video site? I mean, 3 billion views a day, and 3 billion monetized views per week globally.

Just think about it this way. What if Google announced tomorrow that it was shutting down YouTube. Can you even imagine the response? I’m sure it would trump the still impressive outcry of the Super Poke Pets shutdown.

YouTube Still A Huge Mistake For Google, Says Mark Cuban
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  • Randy

    Cuban is an idiot. I know, I live in Dallas.

  • TKo

    Cuban is right. There is going to come up a time when Google will have to put a stop to the free ride or shut youtube down completely. It seems that will never happen to you but that time is closer than we think. Billions of views means nothing if you can’t monetize them effectively. Google has failed at monetizing Youtube. The amount of videos uploaded keeps growing and growing and Google is not making enough money off of them.

  • http://soft.z11z.net free softs

    In my opinion Cuban is right

  • http://seekyt.com/user/careercounselor/ career counselor

    This is really interesting because in my opinion I think Google was smart to buy Youtube and it was not for nothing. I see so many channels on Youtube who have become Google partners and earn full time income from having adsense placed on the videos they produce each week.

    Everything is not what it seems and the fact that most people miss the opportunity that is present at Youtube is why venture capitalist will continue to make money off start-up companies.

    Some of the most visited videos with tons of subscribers are from instructional and educational type videos that show people how to do something like style hair, put on makeup, build a costume, construct a wooden cabinet, or even product reviews on the latest tech gadget.

    On the surface it may look as if Google’s acquisition of Youtube was a mistake but I think the underlying potential is what makes the decision a goldmine.

    Not to mention that 90% of Googles income comes from advertising received through AdWords, so I wouldn’t start feeling sorry for the search engine giant just yet.

  • http://www.fixpcfreeze.com Mathews

    Murphy’s law states that “If you can imagine that something will happen, then that something will happen!” But will google youtube shutdown? That will be end of the world for many like me.

  • http://www.payperclickhouston.com Tony Nguyen

    Mr. Cuban doesn’t know what he’s talking about. A “huge mistake” is when you buy Netscape for $4 billion dollars and not doing anything with it, or when you buy Nokia hoping to stick an inferior OS to compete with the Big A or G. Or when you claim HD programming is a money maker, when in fact it’s a commodity. Youtube will be TV of the future, people want it. People want to express themselves! That’s call a marketplace. Mr. Cuban congratulation on the win! Go Mavericks! You’re known only for your first NBA title.

  • http://karras-bommer.blogspot.com Karras Bommer

    The fact Netflix is going under while Google keeps strong lets the wind right out of this article. Google knows exactly what it’s doing with YouTube.

  • JP

    Cuban is just still pissed he did not get YT. There is zero chance YT gets shut down and besides hosting is dirt cheap and Google earns Billions a month.

    If anyone can monetize YT it’s Google and they can support it indefinitely. Google has not failed or even come close and like with search, they monetize better than anyone on the planet.

    YT is not going anywhere.

    Like when telling people not to buy gold, sometimes his comments are self serving.

  • http://www.cdncc.com pz

    I guess the billion ads being displayed on youtube every day are free according to Cuban? Furthermore..Google is best positioned to take over from Netflix with leverage and profits from the many youtube users.

  • http://www.brighthit.com kummar

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  • http://cuarticles.com wiyono

    I agree with you about this

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