Has the air been let out of the Web2.0 Bubble?
May 22, 2012
I’m not really sure what to call our current tech bubble, so I decided that Web2.0 is probably most applicable. Regardless of what you call it, there is no denying that things are looking very similar to the 2000’s “Dot Com” Bubble. A company makes a pictionary clone and gets bought for $200 million. A small group makes an app to take retro looking pictures and share them; they get purchased for $1 billion. Then there is the Facebook IPO, a company valued at $100 billion, or roughly $100 per user. Now that “FB” is public, we can keep an eye on what the rest of the world thinks of our tech bubble… and it’s not looking good.