NEW - YouTube says around 0.16% of the views on its site are on videos that break its rules. That's still potentially millions of hours of watch time…
YouTube comes up with this number by sending a sample of videos to its content moderators who then go through to see what % break the rules. This isn't based on the videos that actually get taken down
The numbers show pretty drastic improvement from when they started using the metric internally in 2017 through 2018. It then levels off and hasn't improved much since the beginning of 2019
Good to remember that YouTube has historically incentivized growth and engagement over everything (as @mhbergen and others have documented)…

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