Bolt.com Goes Belly-Up

It's no secret that most of the hundreds of video sharing sites out there will eventually fail, and we're likely to see quite a few go under in the next few months, especially as the "liquidity crisis" dries up the stupid money funding their operations. Bolt.com appears to be one of the first high-priority Web 2.0 video failures; it was driven under by a lawsuit from Universal (which alleged it carried copyrighted material) and the failure to exit through a planned acquisition by a company called GoFish.com.