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YouTube CEO speaks of financial gain amid regulatory scrutiny

YouTube CEO speaks of financial gain amid regulatory scrutiny

CEO of YouTube speaks of financial gain amid regulatory scrutiny
CEO of YouTube speaks of financial gain amid regulatory scrutiny

YouTube Chief Executive Officer Susan Wojcicki highlight the video service’ economic contribution,

amid its market power and regulatory scrutiny to deal with misinformation.

Google, the world’s largest video site own by Alphabet Inc., has paid more than $ 30 billion to content creators,

artists and media companies over the past 3 years, Susan write in a letter publish on Tuesday.

YouTube’s ecosystem contribute nearly US $ 16 billion to US GDP in 2019, citing an Oxford Economics report,

supporting the equivalent of 3,45000 full time jobs.

We focus on delivering on our key priorities – growing the producer economy, living up to our responsibilities,

helping people learn new skills, building for the future of YouTube, Susan write.

We are also commit to working with governments around the world as we face increasingly complex regulatory issues.

The company is working to ensure that policymakers understand how their decisions affect YouTube’s creators, she said.

Corporations facing increasing regulatory pressure often highlight positive contributions,

such as job creation and economic growth, which politicians may overlook.

In June, consulting firm Analysis Group facilitate Apple Inc.’s App Store research showing $ 519 billion in sales in 2019.

Apple support in the study. The following day, the European Union launch an antitrust investigation of the App Store.

Google is the target of several hostile cases in the US,

while YouTube has face increasing scrutiny for its role in spreading misinformation.

A group of Democratic senators recently write a letter to YouTube,

and other Internet companies asking them to do more to counter Covid-19 misinformation.

Susan said that on Tuesday the company has remove more than 5,00000 videos making false claims,

about coronavirus since February, and it continues to refresh its policies to keep up to date with science.

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