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YouTube Red was officially announced today and the internet is already drawing references to a porn site with a similar name. So why did YouTube decide to name its latest product Red? “Choosing a name for a product is a challenging thing,” a YouTube executive said in a press Q&A session. “As we talked to users and fans in our studies, the term ‘red’ is often associated with YouTube. It has a lot of meaning in terms of love and the red carpet.” With ad-blocking about the Web, YouTube also thinks that searching for that term will bring up related hits…

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