Google CEO’s Top Aiming is to make Money On YouTube
Posted on May 1, 2008 by jaiz
Google top priority this year is to make money off its YouTube video-sharing site, Chief Executive Eric Schmidt said in a TV interview that sent Google’s shares up 4.7 percent
Schmidt said YouTube planned to introduce a series of new products aimed at generating advertising revenue. Asked by interviewer Maria Bartiromo what the timeframe for making money was, Google’s chief executive answered:
“We believe the best products are coming out this year. And they’re new products. They’re not announced,” Schmidt said, adding that such ads would be “much more participative, much more creative … much more interesting in and of themselves.” [more…]
Source: nytimes.com