There's a lot that could be unpacked from your opening dialogue Michael_in_TX. We could go deep into discussions about business start up, marketing, human psychology, and on and on. All in addition to the commentary already posted. An additional factor that gave the whole YT world a boost was the pandemic reactions of the political class that essentially "shut down" the world for a time, which drove folks to seek some alternate form of social interaction. I'd love to see charting of YT growth in that time and immediately after.
Like any new "technology", there's an evolutionary cycle to be traversed, and so it is with YT. The barriers to entry are comparatively low, so new players come in who range from not very good to amazing, and all that goes between. If you were to go to the search bar on YT (if you haven't already) and look for vids on "Why are creators quitting YouTube" you'll find quite a few YT pioneers doing some manner of catharsis explaining either their reasons or commenting on others. That isn't to say YT is dead or dying, it's just evolving. There will likely be (in some cases, already are) extra creative people who will figure out a way to spice up their favored market slice presentations so as to continue to satisfy/increase their audience.
None of this is new of course, from the media evolving pov. Think of other entertainment/learning venues, such as TV series. We have the expression "Jumped the shark....." from the show Happy Days. It basically means the writers had done it so long they ran out of ideas so started churning out ridiculous, out of context, pap. Time to move on or refresh.............................
Like any new "technology", there's an evolutionary cycle to be traversed, and so it is with YT. The barriers to entry are comparatively low, so new players come in who range from not very good to amazing, and all that goes between. If you were to go to the search bar on YT (if you haven't already) and look for vids on "Why are creators quitting YouTube" you'll find quite a few YT pioneers doing some manner of catharsis explaining either their reasons or commenting on others. That isn't to say YT is dead or dying, it's just evolving. There will likely be (in some cases, already are) extra creative people who will figure out a way to spice up their favored market slice presentations so as to continue to satisfy/increase their audience.
None of this is new of course, from the media evolving pov. Think of other entertainment/learning venues, such as TV series. We have the expression "Jumped the shark....." from the show Happy Days. It basically means the writers had done it so long they ran out of ideas so started churning out ridiculous, out of context, pap. Time to move on or refresh.............................
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