Genuine question.
How is been running for almost 20 years, most of them with very few ads?
I doubt they had been just sinking money for the kind of their hearts.
I do not know how much it cost to run a service like YouTube. Or how much money they make by ads or other ways. But they have been running for long enough to be a successful business.
And it’s just the latest few years when they are pushing these aggressive techniques.
I feel like I would need to see their accounting books to fully believe that narrative.
The lack of accounting transparency makes all a tale of “trust me I need this money to make this work”.