The study explores arguments concerning the concept of the informal economy and makes the case that new media technologies, or more broadly, information and communication technologies (ICTs), as a socio-economic phenomenon, tend to be exploited in the same way as other economic activities by those actors that operate in the informal economy. Moreover, this exploitation tends to show similar patterns in terms of growth and ownership concentration. In this context, the study analyses the patterns and tendencies that transpire when informal actors exploit ICTs. It aims to question the validity of the neoliberal paradigm that portrays informality and new media technology as a creative process that requires deregulation. The article is based on a field study carried out in Venezuela between 2003 and 2004.