An employee source who claimed to have seen mock ups of the user interface and splash pages told us that YouTube would launch a live-streaming service as a part of its YouTube Live event November 22. Didn’t happen. We’re sorry for getting it wrong.
On the bright side, Google (GOOG) shareholders should be glad we did. User-generated live-streaming is difficult to make money off of because it’s too unpredictable for advertisers. And because live streams tend to last much longer than the usual three-minute YouTube clip, they are especially expensive to host.
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