Marketplace®

Daily business news and economic stories
Season 3Episode 5Jul 19, 2022

How do big video platforms make money?

We’ll find out how the top online video sites in the “Million Bazillion” universe, TrimTram and ViewVid, do it.

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How do big video platforms make money?
Arnel Alinea

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A listener wants to know how the creators of his favorite online videos get paid. It’s a surprisingly complicated question, and Ryan and Bridget have to go viral themselves to find out the answer. Accompanied by their new dog and a bunch of influencers, we’ll learn all about the wild economics of online videos. Put on your tap-dancing shoes, we’re making content!

 
Arnel Alinea
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And now … tips for grown-ups listening to “Million Bazillion” with kids

Money Talks

Here are some questions you can ask to find out what your child learned in this episode.

  1. What’s one way popular video services make money?

  2. How do these sites get data on us? Why would that information be so valuable to them?

  3. What are some other ways “influencers” might make money?

Tip Jar

Some kids are more media literate — especially about YouTube and TikTok — than we give them credit for. But if the concepts in this episode are tricky for your kid, consider viewing our episode on advertising again. It talks about more straightforward TV commercials before delving into celebrity endorsements, paid online reviews and other sneaky ads kids might get taken in by.

After listening to one or both episodes, try this activity from our email newsletter course, “Million Bazillion Academy,” to check kids’ understanding.

If you and your child are interested in learning more about how those smiling, dancing influencers on TikTok make money, this New York Times piece digs into all the ways people can make a living on the platform.

Finally, Common Sense Media has a bunch of great guides for parents on how to help young people navigate life online.

Gimme 5

We’d love to hear your kids’ money jokes, money poems and best money tips so we can feature them on the podcast! Send them to us using this online form.

And we want to hear what parents think about Million Bazillion! You can help us by filling out a short audience survey: marketplace.org/survey

The Team

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NGPF

The Ranzetta Family Charitable Fund and Next Gen Personal Finance, supports Marketplace’s work to make younger audiences smarter about the economy. Next Gen Personal Finance is a non-profit that believes all students benefit from having a financial education before they cross the stage at high school graduation.

Greenlight

Greenlight is a debit card and money app for kids and teens. Through the Greenlight app, parents can transfer money, automate allowance, manage chores, set flexible spend controls and invest for their kids’ futures (parents can invest on the platform too!) Kids and teens learn to earn, save, spend wisely, give and invest with parental approval. Our mission is to shine a light on the world of money for families and empower parents to raise financially-smart kids. We aim to create a world where every child grows up to be financially healthy and happy. Today, Greenlight serves 5 million+ parents and kids, helping them learn healthy financial habits, collectively save more than $350 million to-date and invest more than $20 million.

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The Sy Syms Foundation: Partnering with organizations and people working for a better and more just future since 1985.