Headline of the Day
Thursday, June 19 2008
This one from a few weeks ago, but the Earth-shattering truth revealed by the Financial Times:
Web 2.0 fails to produce cash
Bummer - see here. The best part is the quote from non-money-making browser shop Flock (“These are challenging macro-economic conditions”), whose $15M venture round was covered by FT the previous day under the headline, "Social browser moves into money-making mode." When a 3-year-old company's move into "money-making mode" is newsworthy, that's when it gets weird.
