In a conversion with New Yorker writer Ken Auletta, at an event in San Francisco organized by the Syracuse University Newhouse School of Public Communications, Google Chairman Eric Schmidt has said “The goal for YouTube is to build a tremendous community….In the case of YouTube we might be wrong. We have enough leverage that we have the leverage of time. We can invest for scale and not have to make money right now. Hopefully our system and judgment is good enough if something is not going to pay out, we can change it.”
Here is the YouTube video of his interview:
