Is the Bubble about to Burst?
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With venture capitilists telling their tech babies to stop hiring, and think about monetizing
now rather than later are we heading for the next dot com bubble burst?
I was checking out one of my favourite sites today, when I came across the sad news that The Consumerist is for sale.
Web 2.0 is very different to Web 1.0, Web 1.0 was all about software, products, and solutions. Such as myspace, google, and boo.com
Web 2.0 brings us things like facebook, digg, blogs, networking. Things that are great services because they are free but how the hell do you monetize them? Sure Facebook is great, but do you think if Microsoft had to valuate it now they would still value it at the $15 Billion mark?
With the sale of Consumerist which I personally think was one of the big boys of the blogosphere are we seeing the bubble get ready to burst? They are already down to a skeleton crew and I am really surprised that they need to let a site like this out of its arsenal.
Speaking of monetizing, anyone else notice digg.com really pushing the digg store?
3 Comments on this post
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David Jason Parrsih said:
I agree with you. The future for bloggers and web 2.0 looks bleak. The trick will be getting on the next wave and riding it to riches without telling anyone else. RISK RISK RISK.
November 16th, 2008 at 11:04 pm -
Joshua Dorkin @ BiggerPockets said:
Part of the problem with many of the Web2.0 sites is that they’ve grown too fast. Management focuses on growing a site before growing revenues. Once CEOs and others running web companies realize that you need to manage growth, we’ll start to see some more majorly successful web companies.
You can’t hire a huge staff without the revenues to back up all of the salaries.
November 17th, 2008 at 5:40 pm -
ji said:
the internet has a lot offer and it has becom more practical service which is part of our lives. I dont see the bubble bust any time soom despite the credit cruch………….funny enough internet and advertising is booming while economies r in recession
great website….i like the design
November 18th, 2008 at 10:25 pm
