I'm truly surprised there hasn't been a successful YouTube competitor in the last decade or so.
I suspect the problem is that people wouldn't even pay a penny per video to content creators. From what I've seen of other competing video sites, there's a really serious moderation issue stopping them from wide adoption... So many of the competing sites are full of flat earth / anti-vax / pro-fascism content...
I’m truly surprised there hasn’t been a successful YouTube competitor in the last decade or so.
Running a video service the size of YouTube carries astronomical traffic and storage costs. Google is probably one of the only companies in the world that can stem that.
There's smaller video sharing sites, like DailyMotion, but those would probably instantly crash and burn if their userbase were to suddenly grow to the size of YouTube's.
It's because google has effectively unlimited resources and first-adopter advantage combined.
The people who originally made youtube in 2005 would have never made money from it, even though the max upload quality was 240p (I remember when 480 on youtube was still considered high quality lol). But they got an audience which is what mattered. When google bought them, they still couldn't make money, but they could prevent ANYONE else making money with a similar product but throwing enough money and creator-focused policy around to make any other platform look just plain stupid.
Even today, how much do you think it costs to store and serve the hundreds of thousands of videos uploaded to YT a DAY? Many of them at 4K res or even 4K60hz???
It's a massive undertaking and nobody can afford to build a competitor. And without youtube, the internet would be a much much smaller place.