Mark Cuban Hates On Google Inc (GOOGL)’s Work on Youtube


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Billionaire entrepreneur and sports owner Mark Cuban expressed his anguish over Google Inc (NASDAQ:GOOGL)’s acquisition of YouTube nearly a decade ago. Today, with YouTube the biggest video platform, Cuban still isn’t happy with what Google is doing to it. In an onstage interview at the Code/Media conference in California, he expressed that Google tried to do subscriptions and they failed; now they are trying again and they are also trying with music.

Cuban questioned what Google has really done right, while pointing at YouTube’s nearly failed initiative to pay celebrities and media companies to create original content for the site. Talking about YouTube’s popularity among teens and the rise of next-generation YouTube stars, Cuban expressed that those are sheer numbers. Something resonates at some point with a large audience.

Cuban has a long history of criticizing Google Inc (NASDAQ:GOOGL) as a business. Recently he expressed that the company’s core search business could be facing some challenges. This is also supported by StatCounter analytics which indicated the lowest monthly share for Google in the U.S. search market in December 2014 since at least 2008.

He also critiques that he often uses Twitter at least ten times more than Google as a search engine. According to Cuban, Google isn’t a good place to look for what’s happening now.

The billionaire entrepreneur also leveraged the stage to speak about his role on Shark Tank, saying he isn’t doing the show for the money or the fame. Rather, it is more about the audience that it appeals to. Cuban expressed Shark Tank to be the No. 1 show watched by families together.

Cuban, who owns the Dallas Mavericks, made his fortune at the beginning of the dot-com era by selling Broadcast.com to Yahoo! Inc. (NASDAQ:YHOO) for a whopping 5.7 billion. While Broadcast.com failed to evolve with changing times, Cuban might be wondering how YouTube survived despite serious copyright issues.

Lisa Ray

Lisa Ray primarily covers Retail and Healthcare. Lisa Ray has completed her MBA (Finance) and an avid market tracker. She is a stock market analyst who closely tracks US markets along with other global markets like India. She has been expressing her views for years about markets and also advises various clients.

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