For those who missed the biggest tech story of the day, you can read
Chris Velazco's account of the news here. The short version is that the app, which has long been a fixture of iOS home screens since 2007, will soon go away. Anyway, while Apple might have decided not to re-license and pre-load the app, but YouTube actually stands to benefit from its removal. The truth is that it was never an ideal situation for the company, since it couldn't monetize videos viewed on the app, and it had little control over the user experience.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/yWin90EuQwI/
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