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All the best things on the internet are terrible at making money

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Image: Shutterstock / Andrey_Popov At some point, the internet became a get-rich-quick scheme. There’s a simple formula to it: Smart people with good ideas receive millions of dollars to build something. If that something generates billions of dollars, it is a success. If it does not, it is a failure. Such “failures” include: Twitter, Soundcloud, Vine, Reddit. At varying times, each of these companies had the hallmarks of “success”millions of engaged users, venture capital money, a good brand. Now, Twitter is limping along, Soundcloud is in a death spiral, Vine is gone, and Reddit is still trying to figure things […]