Friday, October 05, 2007

Who will be the fourth horseman of the coming web 2.0 apocalypse?

Writing about the current turmoil at eBay in respect of problems with Skype, which did not deliver what eBay hoped it would (big revenues), and incidentally big profits were never on Skype founders’ minds, the Economist has this to say about the current direction the web revolution is taking:


By buying Skype, the internet phenomenon of 2005, eBay started a bubble.

Google, with its purchase of YouTube, the cyber-star of 2006, inflated it further. And Microsoft and Google now appear tempted to add more froth by investing a silly sum in Facebook, the latest big thing.

All three—the internet telephone firm, the video site and the social network—make almost no money.
EBay's disappointment with Skype is a timely reminder of where this fad might lead.


Contrast that view with MSM outlets like the New York Times which now has taken reigns of chief Facebook evangelist.

Maybe the fourth horseman is a combine of the largely ‘I have no clue’ MSM and bloggers who have a stake in the the Facebook hype machine.

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