When Bubble 2.0 will burst
This sounds about true:
[..] Web 2.0 is nothing more than an aftermarket for Google. Startups slicing little bits of Google's P/E ratio, acting as sales reps for Google ads, and getting great multiples for the revenue they generate by fostering the creation of new UGC to place ads on.
There is so much else skilled developers can do instead of trying to create one more me-too web property, yet another web framework or yet another "solution" for developing the software for web properties faster than ever before. In the long run only solid things prevail. But I guess the outlook of getting rich quick is the most attractive element of any gold rush.
Posted by Stephan Schwab on November 28, 2006 6:47:35 PM EST
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