The New Wisdom of the Web
theodp writes "In a cover story, Newsweek takes a look at the new wave of start-ups cashing in on the next stage of the Internet by Putting The 'We' in Web. Sites built on user-generated content like YouTube, Flickr, MySpace, Digg and Facebook have all taken a page from Tom Sawyer's playbook, engaging the community to do their work, prompting Google CEO Eric Schmidt to suggest he finds MySpace more interesting than Microsoft."
go look at the videos and you will see a majority of them are copyrighted content (tv shows/clips and the like) and they have the excuse "it wasnt us it was one of our visitors
how they havent been shutdown is anyones guess, i guess the latest wave of sites is more based on copyright be dammned than user-based-content