Web 2.0 is so over. Welcome to Web 3.0 (CNN.com) - 0 views
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Jeff Johnson on 10 Jan 09Social-networking companies such as MySpace and Facebook have loyal fan bases, but they're not exactly minting money. MySpace's projected $600 million revenue in 2008 falls far short of parent News Corp.'s (NWS, Fortune 500) billion-dollar sales target for the site. Messaging service Twitter has no business model. Video-sharing site YouTube was the only big sale; Google paid $1.65 billion for it two years ago but still hasn't figured out how to make much money off it.