Facebook, the privately-held miniature version of News Corp’s (NWS) MySpace, has launched a video download and sharing application. That will make the site a miniature YouTube as well.
This gives Facebook the chance to be an also-ran in the video-sharing business the way it is in social networking. Neither model has found a way to make much money, so why not double-down on the lack of success.
Video on the internet has gotten out of hand. A few models, probably those that bring premium content to users for a very low price, may prosper, as will video advertising on large websites. The rest of the operations in the market won’t be around for very long.
Douglas A. McIntyre
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