Tuesday, May 27, 2008

FT.com / Companies / Media & internet - Web 2.0 fails to produce cash

Hmm...

The shortage of revenue among social networks, blogs and other “social media” sites that put user-generated content and communications at their core has persisted despite more than four years of experimentation aimed at turning such sites into money-makers. Together with the US economic downturn and a shortage of initial public offerings, the failure has damped the mood in internet start-up circles.

FT.com / Companies / Media & internet - Web 2.0 fails to produce cash

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