You can find fifty sites to look up airline seat availability, or a hundred sites to check the latest Wall Street stock numbers. While the type of information remains valuable, the actual bits of information provided by each of these sites is of little value. Because the same information is available all over the Web. When one kid on the block puts out a lemonade stand on a hot July day, the value of a drink to a fellow mowing the lawn is enormous. He might gladly have paid fifty cents to the lone seller, but with ten choices, he will probably end up paying a nickel.
Supply drives down price in the information field, too.
There were just too many people with the same idea. And the level of entry into the Internet marketplace is so tiny that literally anyone can play. Gaining and holding proprietary information is a better strategy, but information is so easily copied and the copyright laws are so hard to enforce, especially if the pirate lives outside the U.S., that it can be a risky strategy, too. Well, we're only in the first inning of this game. The teams have barely taken the field.