Web 2.0: Race to the start

Online video and social networking are growing like weeds and attracting top talent. But YouTube and Facebook, their respective leading lights, can’t seem to monetise their huge stables of users. Even so, in the race to wring dollars out of Web 2.0, YouTube looks likely to finish first. The amount of video watched online is booming. In March, 11.5bn online videos were viewed in the US, a 64% increase over the year before, according to Comscore. And thanks to parent Google’s deep coffers - neces...