reality of web 2.0

In 2006, the World Wide Web became a tool for bringing together the small contributions of millions of people and making them matter… It’s a story about community and collaboration on a scale never seen before. It's about the cosmic compendium of knowledge Wikipedia and the million-channel people's network YouTube and the online metropolis MySpace. recent survey of e-retailers found that 63 percent of 1,000 businesses that trade online had seen an increase in revenues over the past 12 months. As we reported last month, the addition of videos to an e-retailing site creates a whole new site landscape and customer experience.One of the benefits of the networking technology is that it can greatly increase the diversity of the talent pool accessible to recruiters. The technology also allows recruiTters to source more quickly and leaves more time to meet the needs of valuable candidates.the second Internet boom at least appears marked by greater discrimination than the first — notwithstanding some of the prices being paid for young, unproven companies. Yet “Web 2.0” viral may simpy be hype ters to source more quickly and leaves more time to meet the needs of valuable candidates.Despite better attention paid to the current boom, we may be looking at another Internet bubble burst. We have a new generation of public sites appearing with greater regularity and a new generation of speculators seeking to stake their commercial claim to the traffic. The hype is building — as is the spending. Will there ultimately be another burst, a shakedown, with only those few who are generating solid revenue to remain?What do you think: a business revolution or another over-hyped bubble burst-in-waiting?