Many members of the so-called Web 2.0 generation of Internet companies, such as social-networking sites, blogs and other similar “social media,” have made little revenue, the Financial Times reported.Roger Lee, a partner at Battery Ventures, told the FT there is going to be a “shakeout” in the industry in the next year or two, with many Web 2.0 companies disappearing.
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Tags: , Blogs Making Little Revenue, FT Reports, internet news, networking, Social Network Sites, social networking, social networks, social sites
