Web 2.0 Bubble (Bomb 2.0) Is Bursting
ZDNet has a great article comparing the events that lead to the bursting of of the first internet bubble (Dot Com Bomb) to the bursting of the Web 2.0 bubble called Bomb 2.0. The article suggests that Bomb 2.0 is underway. Google is down 27% since the start of the year. Just as Time-Warner set off Dot Bomb 1.0 by acquiring AOL, Microsoft may have set off the second through its bid for Yahoo. More>>
posted by Daya Baran at 8:03 PM
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4 Comments:
Dana...all apologies BUT I completely disagree with your insight. I'm a web2.0 developer and I will agree with you in 5-8 years BUT at this moment in time, the bubble has YET to even take shape. We are seeing the first layers of this fruity web2.0 onion. We are still a long long way before web2.0 becomes mainstream. However, the market is responding to this upgrade incredibly well. Overall, there is a HUGE demand for php engineers, web2.0 developers and the entire industry is on a facelift. I agree that this is a bubble and I also predict IT WILL BURST; however, unlike the previous bubble, this bubble will not hurt as much BECAUSE there is more than one bubble. There are FEW BUBBLES rising up the horizon. Officially, 2008 and 2009 will be the launch pad of the mega mobile revolution. That's another HUGE BUBBLE that WILL NOT BURST. Alternative sources of ENERGY is another BIG BUBBLE and IT WILL NOT BURST. Web2.0 bubble WILL burst but NOT as yet. We are in an infant stage. Corporations, Govt, educational sector are now migrating on web2.0 philosophies and collaborative technologies are just taking shape. In the consumer domain, the bubble will burst but in the b2b domain, the web2.0 bubble is showing strong strength & muscle.
Thanks for the great comment. I think it is bursting in the consumer domain. In the B2B domain there is still room for SaaS and related technologies to grow.
I disagree too. The innovation in Web 2.0 community keeps coming. Just today I heard about a green-oriented social networking service that matches people needing exercise with people who have floor heaters, so they can move around near the heater to distribute the heat. Facebook app coming soon.
Daya,
Bomb 2.0 is happening to the large companies. It is taking a lot longer for smaller companies to build up partly because of the present economy, but also because there is a lot of competition (end even more branding bombardment). This is really what is happening. The ideas are there but without plenty of market research to substantiate these Web 2.0 products/services, many bootstraps will see slow growth if any.
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