Google Incredi-stat of the Day

Minyanville Staff  Apr 18, 2008 3:15 pm

Google Incredi-stat of the Day
 
Hidden amongst positive comments about future growth was a truly amazing statistic.
 

 
While traders are busy salivating, crying or popping champagne over Google's (GOOG) 90 plus point move today on the heels of strong first quarter results, the Minyanville editorial staff was busy listening to the earnings conference call.

Hidden amongst the positive comments about future growth was a truly amazing statistic. Larry Page, Co-Founder and head of Google's Products division said "We are up to about 10 hours of video content every minute on YouTube." 10 hours … per minute? Doing the quick math, that's:


That's an inordinate amount of video! It would take 500 television channels airing original content 24-hours a day, 365 days a year to equal YouTube's output.

Google says its 68 million unique visitors spend an average of 54 minutes on the site every month. That means Americans spend 748 million hours watching YouTube videos each year. By comparison, the Texas Transportation Institute reports traffic annually wastes 4.2 billion hours and costs our economy $78 billion.

Far be it for us to judge what other people do with their time, but one thing's for certain: if Google ever figures out how to effectively monetize YouTube's dedicated eyeballs, Microsoft (MSFT) and Yahoo (YHOO) better watch out.
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Comments (6) See All Comments »
04-18-2008, 4:41 pm
Hi RA,

You're right - in terms of overall web usage, its really not that much. What is astounding (to us anyway) is the sheer size the video library and how much time people spend watching it. Not to mention the fact that YouTube i
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04-18-2008, 6:40 pm
Amazing how humans will look at the wrong signal and be proud of themselves for filtering the noise out of it. We have so devalued the human being as part of a useful universe that people are reduced to uploading videos and then downloading them for
Read More
04-19-2008, 11:09 pm
Yes video should be banned from the internet so that the great unwashed will only be fed from "accepted video sources." The great unwashed would have time better spent on network tv and cable. "American Idol" and "Danci
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04-20-2008, 3:27 pm
Well, I'd hate to sound negative on your view but, have you considered that there's a lot of people in the world other than Americans? Maybe you should use a bigger denominator...
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04-20-2008, 4:48 pm
Ban advertising outside 200 miles of the source of a product also. That eliminates 'Friends', Hollywood, Bowl Games (mostly) and 'professional' sports. Consumption has become the New Catholicism and Catholicism can't see
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