Web 2.0 – Not an Inflated Bubble but a Deflator of 1.0 Companies

Do you think Flickr , Bubbleshare , YouTube and the rest of the photo and video sharing sites are irrelevant?

Think again!

Let’s look at image leader Getty Images:

Getty Images, Inc. (Getty Images) is a creator and distributor of visual content. The Company provides relevant imagery and related services to creative professionals at advertising agencies, graphic design firms, corporations, and film and broadcasting companies; editorial customers involved in newspaper, magazine, book, compact disc (CD) and online publishing, and corporate marketing departments and other business customers. Getty Images offers its imagery and related services through the Company’s Website and a global network of Company-owned offices and delegates. The Company offers its customers a variety of visual content, including creative or stock imagery (both still and moving images), editorial photography (news, sports, entertainment and archival imagery), illustrations and related services.

This year it has had about 40 percent of it’s market capitalization disintegrate. That is $2 plus billion for you home gamers.

I would say Getty is the company least happy with Web 2.0 at the moment. More Getty’s to come.