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Do you ever fear a web 2.0/participatory web bubble developing and bursting, just like the dot com bubble burst back in 2001?
I suppose the dynamic would be different, and by virtue of that so would the impact. The market is not flooded with IPO's of web 2.0 companies, most are privately held, financed by venture capital or even speculative personal funds from their founders. So, if there were to be a web 2.0 bust, it wouldn't affect the financial markets as the dot com bubble did, but it would have a great social impact I think. Do you worry about this?
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December 10, 2009 06:00 PM
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There is always "the next big thing" and a time when things become commonplace or over rated. I think that there is a saturation point for social networks and the amount of time people can be realisticly expected to be on the net for this kind of interaction. People will come and go, and I do believe that we may one day see a significant loss of interest in Facebook, MySpace, and other web 2.0 sites.
Am I worried about it? Not really. Interest is cyclical & people will come back to it even if "the bubble" bursts.
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Am I worried about it? Not really. Interest is cyclical & people will come back to it even if "the bubble" bursts.
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December 30, 2009 09:14 PM
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Apples and oranges. The "dot com" bubble was just an extension of easy money combined with people who didn't know how to operate a business. The Web 2.0 phenomenon is just an advancement of the way we use technology. It's not going anywhere.
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