And who gives a damn if they can't make a profit no matter what. That's hardly the point, I mean the govt might just turn the printing presses on and do a Web 2.0 bailout. How can there be a recession when people keep going to free sites like crazy and those sites can't make any money! Obviously this is all fake. Guys like stocky have been right all along. What the hell are we thinking? Ok..well....maybe not.
Digg, one of the lead darlings of the Web 2.0 movement just released its financials. Horrible http://www.alleyinsider.com/2008/12/diggs-miserable-business
I really don't know what the hell is up with these people that they can't turn a profit with all the traffic they have, and the new technology etc...but they obviously don't. Web 2.0 is not a fad, it is the future of the Web and anyone who has a business and is not using Web 2.0 is going to be left behind, but these companies seem to be run by a Jenious with a capital J.
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