Web 2.0 bubble bursts: 10 reasons why (you should be happy)
It seems that the credit crisis has speed up the process of the inevitable burst of the Web 2.0 ‘bubble’. Yahoo, Veoh, Break, SearchMe, Wikia, Zillow, Jaxtr, Heavy just to name a few. All of them had to let some of their staff go recently. And more Web 2.0 companies probably will follow, which will mark the burst in the bubble for sure.
And here are 10 reasons why and why you should be happy with that.
1.Too much Web 2.0 companies and services
Let me start with saying that there are too many Web 2.0 companies and services. I actually started once too bookmark the interessting ones, but I gave up soon enough. Now I simply search for them when I need them.
With a so much crowded web area it is only natural that some of these are doomed to be…doomed.
2.Too little time for so much Web 2.0 services
Maybe it’s because there are too much services, maybe it’s that because we have so little time. Even in the same niche there a lot of choices. Work, friends, family, hobby’s, sport. And internet. Although Web 2.0 is the ideal concept to combine all of these most of us still have to deal with all of this in real life.
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kuanhoong 2:47 am on October 29, 2008 Permalink |
I guess I am happy that the current economy downturn because the rate for USD is higher. Thus more online income.
Jon 1:46 pm on November 16, 2008 Permalink |
Great site and a good run-down of all the problems facing startups in a slowing economy… cloning your way to success is always more difficult and sadly, an approach followed by far to many companies out there!
Jon
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