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YouTube hits 4 billion daily streams

Monday, January 23, 2012 - 01:16

Jan 23 - Summary of business headlines: Google's YouTube streams 4 billion online videos a day, according to company; RIM shares crumble with investors less than impressed with CEO shake up. Conway G. Gittens reports.

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YouTube's popularity continues to grow. The website owned by Google is streaming 4 billion online videos every day, which marks a 25 percent usage jump in the last 8 months, according to the company. The increase comes as YouTube pushes beyond just watching video clips on PCs. Users can watch on the go thanks to apps for smartphones and tablets. And the video sharing website also has a version of its service for television. Another push that may be paying off: YouTube's initiative to get more highly-produced videos on the site, adding to the thousands of user-submitted videos, which can often go viral. Sticking with technology: Research in Motion has a new CEO but that's not doing much to help out the stock. U.S.-listed shares of RIM are down some 75 percent from where they were the same time last year. Analysts are skeptical about the changes at the top of the maker of BlackBerry devices since new CEO Thorsten Heins is a RIM insider and outgoing CEOs Mike Laziridis and Jim Balsillie are staying on as board members. Conway Gittens, Reuters

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YouTube hits 4 billion daily streams

Monday, January 23, 2012 - 01:16