Late word from the World Economic Forum is that the founder of YouTube has announced that the video sharing site, bought by Google (GOOG), will start to pay some of its contributors for content. What metric may be used is still not certain.
The announcement seems exceedingly odd, given that the video operation has not figured out how to make large sums of money from its traffic and is embroiled in disputes with TV and movie studios posted on the website in violation of copyright laws. So, paying contributors would seem to be a good way to drive the operation further into the red.
But, it is the internet.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.
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