YouTube and Netflix are quite similar in many ways. Both provide video content. Both have become global giants in the last 20 years. Both made about $7bn in revenue last quarter. Both have nice red logos.
The difference, of course, is that Netflix has to produce or buy their content, at eye-watering expense, while YouTube's is uploaded completely for free by its users. Social media platforms might be hard to get off the ground, but once that advertising model starts to take off, user generated content is a literal gold mine.
