Google is the target of several antitrust cases in the US, while YouTube has faced mounting scrutiny for its role in spreading misinformation. — AP
YouTube chief executive officer Susan Wojcicki highlighted the video service’s economic contributions in the midst of regulatory scrutiny over its market power and handling of misinformation.
The world’s largest video site, owned by Alphabet Inc’s Google, has paid more than US$30bil (RM121.38bil) to content creators, artists and media companies in the last three years, Wojcicki wrote in a letter published on Tuesday. YouTube’s ecosystem contributed about US$16bil (RM64.73bil) to US gross domestic product in 2019, supporting the equivalent of 345,000 full time jobs, she added, citing an Oxford Economics report.
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