Infinite scrolling makes people feel like they are actively in control of searching for relevant content, but it's uniquely suited for advertisement because the user isn't sure what they'll find next.

It feels like active consumption but is essentially passive consumption.
Contrast that with opening a YouTube link and being met with an ad. You are not "in search of content", you have *found* the content and just want to play it. So people are less open to viewing an ad on YouTube than they are on Instagram/Twitter/Facebook.
This is why autoplay is so important for YouTube, it puts them in (algorithmic) control and invites you to be passive.
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