Web 2.0 Companies Making Money?

Mark Pincus asks a pertinent question: Are there any Web 2.0 companies making money?

Mark Pincus asks a pertinent question: Are there any Web 2.0 companies making money? He floats the question along with the idea that the social networking idea is peaking, because of the number of me-too ideas.

Sure some companies can start offering things free, and then move into business models. But the question is, if they don't have much of a business model, and they can't go public (because practically no one can) and they don't get sold (because there are 20 other video sharing sites or 20 other social networking sites), how do they make it through an inevitable shakeout?

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