Despite Youtube’s finincial loss which sums near  $400 million (£265m) at the end of this year, Google CEO Eric Schmidt believes its will toss its luck upside down. In his interview Eric said that

“What we said is we believe YouTube will eventually be a successful and a profitable business and it will take some time to do it,”

Youtube is also facing few serious concerns With respect to copyright video. Eric ata the same time is facing  FTC investigation which has invited lots critics claims to resign.

“If there are issues on competitiveness, I recuse myself,” said Schmidt, adding thoughts of resignation “hadn’t crossed my mind.

“What is changed is that we are more careful about when and how we do things which are going to raise concerns of any party,” said Schmidt.

“But it hasn’t prevented us from doing them.”

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