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YouTube Saves Big $’s With Text Based Video

image from mediamemo.allthingsd.com
(UPDATED) Is this some kind of bad April Fool's joke?

"By using text-only mode, you are saving YouTube $1 a second in bandwidth costs," reads the statement from YouTube.  To watch the new "format" in all its glory, you have to see in on YouTube's own site here. Enjoy...

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