Web 2 has really impacted our lives and even though we debate it has become an indispensable part of our lives and the positives it has created for corporations and individuals we also need to emphasize on the negative consequences it has. Advantages to corporations are in the form of co creation and product feedback before a product is launched, mobilizing funds for Non Profits and disbursing them to those who need it. However, there has been an increase in the number of online frauds, cases where money has been siphoned off by creating bogus sites and instances of defrauding individuals in the name of donations. Also, blogging and more essentially other Web 2 services have created a lot of unnecessary information and the costs associated with them include storage costs, costs of filtering data, refining data and accessing data. As competition increases for such services increase, cost reduction would be emphasized upon where an important aspect would be to decrease costs related to excess information