“One of Google's biggest goals this year was to make YouTube profitable. Well the year is nearly half over, and they've still yet to figure this puzzle out. Traffic and users is not the issue, but rather, how to convert them into cash in their pockets.”
The Internet video space is poised for a great leap forward in 2008. A January Pew Internet study showed that 48 percent of Internet users in the U.S. alone visited video sites such as YouTube, blip.tv and Veoh -- up from 33 percent in 2006.
U.S. Internet users viewed more than 10 billion videos in December 2007, according to the comScore Video Metrix service from Reston, Va.-based comScore Inc. The company said this number represents the heaviest month for online video consumption since comScore launched the service in May 2006.
What are the biggest trends in social media? At the recent DMA07 in Chicago, the Target Marketing Group asked that question of Geoff Ramsey, co-founder and CEO of eMarketer Inc., a market research and trend analysis company focusing on the Internet, e-business, online marketing, media and emerging technologies.