WEB 2.0
I read a few articles in which they reffered to high priced websites (like facebook, youtube, and Myspace) as Web 2.0 valuations (businessweek for example).
By Web 2.0, do they mean that the Tech Bubble is kind of coming back.....
Google and Yahoo's advertising revenue is more than that of ABC anf FOx combined.
Youtube was was sold for 1.65 billion (overpriced according to a lot of people).......
Any analysts in media, tech and internet groups, your feedback will be much appreciated.
Web 1.0 was where people/companies raised money with just an unproven idea and little to no substance; tons of businesses failed
Web 2.0 is where companies first build traction, establish a user base and then raise money/sell; reducing investor risk and at the same time providing greater rewards to the developers
its basically making reference to the maturing of web industry
To add to ke18sb's definition, I understand Web 2.0 as a more decentralised form of communication than what we've been using traditionally, eg. those internet based services/websites whose content is user produced, hence your examples (wikipedia or meetic too for instance).
We're seeing more and more of these Web 2.0 platforms, although some have been around for a while (think eBay for example). Web 2.0 valuations refers to the valuations put on this type of company.
This isn't quiet what you were asking, but I like to think of it in terms of the railroads.
When the race to build all of the railroads across the US took place, most of the companies went bankrupt. It was a race to build as much track as fast as you could. After all of these companies suffered and collapsed, some years later... the infrastructure was there to help assist the industrial revolution. This is very similar to the late 90s telecom boom to lay as much fiber as you could without a thought of what the demand was. Now that it is all there and the web is reliable, I feel more companies can lay down a suffiecient web business upon it.
The parallel isn't perfect, but it is pretty similar.
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