Wednesday, June 17, 2009

Microsoft YouTube Competitor, Soapbox, Teetering | Peter Kafka | MediaMemo | AllThingsD

Microsoft is willing to burn lots of cash as it stubbornly pursues its Internet strategy–it lost a staggering $575 million on its online business in the last quarter alone–but even Redmond has its limits. The company is finally confessing that Soapbox, the would-be YouTube it launched in 2006, is no YouTube. And it doesn’t sound that enthusiastic about keeping it going.

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