Yup. You can’t monetize something whose value is determined by the whims of the people who use it. There are a million websites streaming porn that do a better job of monetizing content than YouTube.

How did the “investors” think this business model was going to work, again? “Let’s get millions of people to donate their time and content . . . pay them pennies in return, monetize all their content for ourselves and here’s the good part . expect them to PAY for the privilege of accessing it?”