It's all about Wojcicki. The fact she runs YouTube never ceases to amaze me given that she ran Google Video, which failed largely because she was obsessed with 'professional' content and bet against user generated content. That bet was wrong to such a huge extent she was reduced to recommending Google buy her only competitor.

Somehow, despite this failure as an executive - a failure of the kind that got Vic Gundotra fired - she has not only not been fired but ended up running the site that beat her, where she has spent the last half decade trying to turn it back into Google Video.