Web 2.0 fails to make money - shocker

Interesting read here on The Register drawing together two articles and discussing struggling Web 2.0 companies. In the first, the FT report that Web 2.0 companies are basically not really making any money. It always bothered me that the whole Web 2.0 thing was purely driven by hype.

Having failed to make any serious dosh out of user generated content, there is now a call to re-think copyright laws - thus providing the Web 2.0 sites more free content perhaps? 

Interesting. So - you're never going to make money out of it. Still - some element of user interaction might be beneficial to any web site if you can stop it degenerating into a mass of spamming links and folk scrapping with each other - but that sort of interaction has been going on for years on the internet well before the web - let alone Web 2.0.