Is Web 2.0 just another internet bubble?
The people at Richter Scales seem to think so.
While the video is funny, I hope it’s not true!
Source: John Chow
Is Web 2.0 Just Another Internet Bubble?
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{ 2 comments… read them below or add one }
Web2.0 is about content created by people, created for people and consumed by people. Web2.0 is the platform that makes this possible.
Internet bubble was more of a Wall Street phenomenon than technical one. Emotions taking over reasoning, leading to over valuation of businesses. Businesses that did not have any historical data to help make a sane judgment about future growth.
Web2.0 is going to stay. What will drive it ? Businesses. Advertising expenditure of the order of $6 billion growing at CAR of 18%. This is huge amount of money. This will drive Web2.0 and 3.0 and so on into future.
From a micro/end user perspective. One of the motivations for me and you to blog and create content online is earnings. Money earned from referrals, affiliates etc.
I guess it makes sense with both micro and macro perspective. How fast it’ll grow ? We’ll let Asia decide that.
I don’t think so Neena. they are just trying to be funny. That’s about it.