Does YouTube actually make any money?

While the video sharing website is so phenomenally popular that it has become the second biggest search engine in the world – there’s still precious little information on whether the money is rolling in.While parent company Google has to divulge certain financial details thanks to its publicly-traded status, it remains highly secretive about the numbers produced by its individual business units.
http://www.guardian.co.uk/technology/blog/2009/apr/07/youtube-video-losses

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