“YouTube has no ethics; it's been created for the sole purpose of entertainment and money.” Do you agree?

I agree to the above statement.
YouTube is a popular video sharing website where users can upload, view, and share video clips. In its short time on the web, YouTube has grown quickly and received much attention.
If one logs on to YouTube, he will realise that majority of the videos there are for entertainment purposes - music videos, movies, cartoons etc.
The World Wide Web is invented for a purpose, to educate the public by enabling fast transmission of data conveniently. Today, it has become an avenue for the public to transmit whatever kind of information they have, sadly to say, information that are harmful to the human's soul.
Following the Virginia Tech massacre, where the South Korean student posted videos of himself on Youtube. His purpose was clear -- to terrorise the world. He knew that Youtube would be the best choice, as it is undeniably the most popular video-sharing website online.
YouTube has been created just to entertain the people mass. Many videos on YouTube have actually infringed copyrighted issues of various industries. People have conveniently ripped the videos off from somewhere, and reposted it on YouTube for entertainment purposes. Is this fair to the person who produced the video? Much effort has been placed in the production of the video -- it is an intellectual property. But people fail to realise it, being unable to appreciate the efforts of the producers. This obviously shows the absence of ethics on YouTube. Some also see YouTube as a platform to earn money -- by posting advertisements online, to appeal to the people. These people have fallen into one of the seven deadly sins -- greed. Being so desperate to earn that bit of money, they resort to any means they can. Even if it means breaking the law.
When the World Wide Web takes over the world (as it is almost going to), Greed will take over Man.