The Beginning of the End, or the End of the Beginning?

7 Jan ’07

Mathew picks up the thread today, started by Mike Arrington I think, on the unsurprising news that cash is running out and staff headed to the doors on a growing number of Web 2.0 companies. This is, of course, as it should be. The relief is that this time around precious few have made it to the point where the bankers, suppressing giggles behind closed doors, shovel the stock out to greed-addled investors in gravity-defying IPO’s. My 2007 prediction: business bloggers whose livelihoods depend on the continued feverish pitch of Web 2.0 will continue to insist that there is no bubble (whatever that means) and that Web 2.0 is healthy.

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