I just think that they would rather keep their advertising revenue all for themselves and that stinks! They won't find that people will stay. They have been censoring videos for many months now. Anything that criticised feminism, transgender, left wing policies are instantly demonetized.
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And being a private company they can do that if they want but I think they will have less advertising revenue as smaller creators leave. I don't see how have 0 revenue from smaller creators vs. the revenue they currently get will help them but we'll see how that goes. Hopefully some more good similar services will pop up because there will certainly be a vacuum. DTube and DailyMotion are my best candidates so far but both have their drawbacks.
What do you think the drawbacks of DTube and Daily Motion are? x
DTube: monetization is temporary (7 days), more limited upload formats, performance issues sometimes, and the biggest drawback (if I understand correctly) is that your video will only persist for 57 months unless you pay or seed it yourself.
Daily Motion: Far fewer features than youtube and not as much of a social network aspect (may or may not be issues for you). It appears from my limited use that you will earn much less than with youtube and even DTube (at least in the short run). It also supports fewer video formats (can't upload mts files directly for instance without transcoding first).