Yes, you heard right... Something's missing on Apple's iPad. Amy Cohen Efron put out a vlog, iPad #fail!, demoing this problem.
What's the problem?
It doesn't show YouTube/Google captions/subtitles.
Is it a software glitch or an incompatibility?
Update: As it turns out, the iPad uses HTML 5 and not Flash, which is why closed captions don't show up. Previously, Caption Action 2 blogged about the lack of captioning support in HTML 5, HTML 5 Has No Captioning Provisions?. In addition, these articles further verifies that the iPad uses HTML 5.
Brightcove readies its video platform for the iPad, announces HTML5 support
IPad Can’t Play Flash Video, but It May Not Matter
The First Apple iPad-ready Websites Makes HTML5 Look Boring
You Too Can Experience HTML5 on YouTube
Join Caption Action 2!
Help ensure that the new Facebook Twilight Series has captions, and help get Starz to caption its YouTube channel! Join Caption Action 2 on Facebook, http://www.facebook.com/groups/captionaction2!