We've all seen it. The hype about web 2.0 is all over the web and it's caused companies like Microsoft to invest millions/billions in sites like Facebook.
Will it all come crashing down like web 1.0 did with the dot com crash?
I believe web 2.0 will stay so long the 'human interaction' factor is preserve, perhaps it may branch out to focus on serving more specific niches.
__________________
Foong
Over 100 Please login or register to view this content. Registration is FREE for download
Dotservant.com professional Please login or register to view this content. Registration is FREE since 2000
It's not a tech bubble this time around ... it's a money bubble.
Credit has been so unsustainably cheap that it's not hard to see Facebook being worth more than Ford, when it's somebody else's money. That sounds pretty crazy, and it is, but all of the tech examples in the video probably don't amount to 1% of the housing bubble's "value."
Will it all come crashing down like web 1.0 did with the dot com crash?
This era is more socially driven, once the people stop using the networks, and/or find better ways to communicate with each other, is when I say the bubble will crash.
__________________
Engipress - Please login or register to view this content. Registration is FREE
Please login or register to view this content. Registration is FREE for Wordpress Projects
I believe it will crash simply because the market will need to correct itself. I think it will come before the point James describes though: as soon as people realize that there is very little commercial benefit to sites like Facebook and Myspace and other "Web 2.0 sites" (what few advertisers sign up aside), the investor money gets yanked and the bottom drops out.
That's when I figure most people will do as I've done and moved on.
