YouTube is one of the tentpoles of the Web at this point in time, being a household name and one of the most-visited sites on the Internet. And yet Yahoo is reportedly planning to compete with YouTube by launching its own online video service. The fools.
YouTube is a giant amongst giants. It’s owned by Google, racks up 1 billion visitors every month who collectively watch 6 billion hours of video every month, and pushes out 100 hours of new content every minute.
That’s one hell of an achievement, and it makes YouTube a seemingly impossible scalp to take. It is for this reason that YouTube has hardly any competition.
There are lots of other video sites on the Web — Vimeo, Dailymotion, and Metacafe to name just three — but none that can compete in terms of content or eyeballs. Only a foolish company would even contemplate the idea of trying to beat YouTube at its own game…