The Web 2.0 Bubble
October 18, 2006 — allposts
There has been a lot of talk about the “Web 2.0″ bubble and if it’s going to “pop” soon. As we saw with the dot-com bust back in the day, we know it’s happened before. Something that has been on my mind about this topic is this: how involved on the Internet was the world back when the first bubble popped?
It’s pretty simple. The world wasn’t that involved back then. Today, roughly 70% of all teens have high-speed Internet access. Marketing has shifted, sales have shifted, the world has changed. Google’s recent purchase of YouTube.com for $1.63 billion is one of the landmarks that the web is here and here to stay. The web may change, and become better (Internet2), but it will always be here. The digital sector has grown beyond our imaginations and we can only expect great things for the future.
(via Slashdot)