i don't know if they were ever profitable. But certainly i think there's been a paradigm shift to commercializing everything (mostly through advertising) the last decade or two and if you fall behind, whatever growth you were aiming for goes away and revenues shrink.
And also almost all advertising revenues have probably become centralized with google search, social media by facebook, and youtube, etc. That combined with rising costs, and higher opportunity cost to instead do something else means these sites are biting the dust.
And also almost all advertising revenues have probably become centralized with google search, social media by facebook, and youtube, etc. That combined with rising costs, and higher opportunity cost to instead do something else means these sites are biting the dust.