Comments on: There Is Definitely A Web 2.0 Bubble Going On

By: It’s Over: I’m Through With Web 2.0 » Webomatica - Technology and Entertainment Digest

Fri, 10 Oct 2008 06:40:40 +0000

[…] long ago. Even I was carping about the housing bubble’s effect on tech a year ago and even called a top to the Web 2.0 bubble. If little old me had some inkling, many others certainly should have. And as I’ve written […]

By: webomatica

webomatica — Wed, 05 Dec 2007 07:41:33 +0000

Hmmm and that’s not a link to Don Ho either.

Seriously that video is pretty sweet. Definitely some “in” jokes for example the LOLcat that is used on Twitter for errors.

By: tunequest

tunequest — Wed, 05 Dec 2007 03:43:23 +0000

More evidence of bubbleocity: songs about bubbles.

By: Earthquake In The Bay Area And Its Relationship Bubble 2.0 » Webomatica - Technology and Entertainment Digest

Wed, 31 Oct 2007 04:45:04 +0000

[…] today, there was some Techmeme yammering about the Web 2.0 bubble (which I feel definitely exists). After some thought about how greedy and dumb always follows smart and innovative, in the larger […]

By: Facebook and the Web2.0 Bubble? at FCHouse

Facebook and the Web2.0 Bubble? at FCHouse — Thu, 25 Oct 2007 08:18:30 +0000

[…] these days I am listening to different people theorizing on a possible new DotCom Bubble or, better a Web 2.0 Bubble! I was not so sure about it, it was just a little too sci-fi for me, […]

By: Dave

Dave — Wed, 17 Oct 2007 17:16:39 +0000

My point wasn’t that the old media money is smarter (it obviously isn’t)…my only point was that it’s “real” *cash* as opposed to stock transactions (“funny money”).

But the net result is probably similar.

By: engtech

engtech — Wed, 17 Oct 2007 05:42:08 +0000

Don’t develop a product that can be done by a kid in his basement.

By: webomatica

webomatica — Wed, 17 Oct 2007 04:28:55 +0000

I’d agree there’s little an individual can do to stop the continued bubble inflation as a whole, but much can be done on a personal level — to batten down the hatches and consider the implications of an economic slow down.

The bootstrappers and Craigslists will endure — it’s the Facebook is worth $100 billion that is getting out of control.

I sort of feel the source of the money doesn’t make it any smarter. the stock valuations the first time around were insane in hindsight. But who’s to say that the millions in cash coming from old media won’t be similarly demonstrated to be a waste?

Over the past year I’ve been wondering if there is a bubble, and I suddenly felt spurred to call a top just now — as soon as the bubble talk starts appearing in the mainstream media. But based on my amateur prognostication track record — I seem to be about six months premature. I was whining about the housing bubble during September of last year. So if I have any credibility, there’s about six months to ride the wave

By: Dave

Dave — Wed, 17 Oct 2007 04:00:57 +0000

I dunno, I don't think there's much that can be done quite frankly. One of the big problems, imho, is that you have a lot of large companies (incl. traditional media or more mature, but slow-moving tech outfits). These companies have deep pockets but are (often) clueless about where to tread next when it comes to "new" media. Fear + money are a dangerous combination. I figure for my little company, the best we can do is to make sure that while we develop the site, we develop our ability to monetize the site. I think a lot of startups ignore this aspect of their business. Maybe not a mistake for companies like Facebook and YouTube who hit "grand slams". But for the rest of us, it makes sense to stay lean, limber and profitable. I think that's the most that any small startup can do to keep itself upright in the event that the bottom falls out from the market. I don't think it will (at least not yet), but there have definitely been some crazy acquisitions of late. But like I said, I think the fundamental difference is that in 1999 it was internet companies buying other internet companies with "funny money" obtained from the crazy stock market valuations. Today it's big media going on the buying spree, often in all or mostly cash offers.