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February 21, 2008Will Web 2.0 Become Bubble 2.0?
In The Daily Aztec, writer David Seaton explores the topic of whether Web 2.0 will help to stop an "inevitable crash."
In the article, Seaton draws numerous parallels between the growth of Web 2.0 and the original Internet bubble that burst in 2000, leading many tech startups to crash almost overnight. He points out certain differences between the explosion of Web 2.0 and the original Internet growth spurt, such as how Web 2.0 is so consumer driven whereas the original Internet sites were provided for the public without a lot of back and forth over it.
But he also quotes technology writer John Dvorak in pointing out the numerous clones emerging of successful companies and the overhyping of "unique initiatives," concluding that only time will tell.
An awful lot of hype is starting to surround new technologies like Web 2.0 and SaaS being "recession proof" or somehow immune to slower spending in the rest of the market, and it will be interesting to see how this plays out in reality.
Posted by krissidanielsson in
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