Social networking is big business, as we all know. MySpace has now become America’s most visited website with 4.46% of all web traffic in the week ending July 8th, putting it ahead of Google Search, MSN and Yahoo!. Bebo has reputedly turned down an offer of $552mn for its network, (not true —
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I have been lucky enough to interview Paul Graham, partner at venture firm Y Combinator and author of Hackers and Painters, about Web 2.0 and some of the business issues it has provoked. Paul has an interesting take on who is going to be powerful in coming years: “A hacker with design sense is Well, the wisdom of crowds debate rages on. As Marc quite rightly points out in the comments to my last post, Google rankings depending on in-bound links means that the crowd in question has already qualified itself as a content producer rather than a consumer: it isn’t “the masses”. In the meantime, David points to Marc Fawzi at Evolving Trends attacks the whole notion of the wisdom of crowds. It’s a development of the disappointing experience he had when digg suddenly made him the number one site on WordPress for a short period, apparently on the basis that he had come up with a catchy headline. Marc’s issue with digg’s ability Donna Bogatin writes about the alleged lack of any practical business model in a lot of Web 2.0 startups. She argues that a couple of Google ad-sense units — “an ephemeral monetary crutch” — aren’t enough to provide any real revenue (*looks uneasily sideways*). Apparently, this was exactly how digg.com was founded and a brief look There are, of course, already a lot of different applications you can run online, from to-do lists to spreadsheets to photo-editing. Soothsayers and other pundits are predicting that as a consequence, the Great Beast of Redmond will soon be no more, as people abandon Excel and Word for online alternatives. The next step, |             | |||
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