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Google Losing Up To $1.65M a Day On YouTube 290

An anonymous reader writes "The average visitor to YouTube is costing Google between one and two dollars, according to new research that shows Google losing up to $1.65 million per day on the video site. More than two years after Google acquired YouTube, income from premium offers and other revenue generators don't offset YouTube's expenses of content acquisition, bandwidth, and storage. YouTube is expected to serve 75 billion video streams to 375 million unique visitors in 2009, costing Google up to $2,064,054 a day, or $753 million annualized. Revenue projections for YouTube fall between $90 million and $240 million." Maybe this is in part because, as Al writes, "Researchers from HP Palo Alto studied videos uploaded to YouTube and found that popularity has little to do with quality or persistence."

Submission + - Nintendo Wii Fully Hacked at 24C3, runs Homebrew (wiinintendo.net)

cHALiTO writes: "From the site:
The guys over at 24C3 just demoed a Wii hack that is set to provide native Wii homebrew in the near future (not running in GC mode, and with full access to all the Wii hardware!)
They were able to find encryption and decryption keys by doing full memory dumps at runtime over a custom serial interface. Using these keys, they were able to create a Wii 'game' that ran their own code (their demo happened to show live sensor/Wiimote information, amongst a few other things).
Read here and watch video here."

Intel CPUs are not defective, they just act that way. -- Henry Spencer