Web 2.0, Web 3.0, Bubbles and Google Fear (Opportunity) Revisited

Lot’s of great stuff around the web this morning.

Obviously, I start my day with The Blogging Times . Sorry Trader Mike :) .

Today, Minic launched his version of The Markets It is a differnet view at what I read and look at to keep up with the markets. I think it is a great start and has something for everybody. I would love to get your feedback or send it directly to Minic.

Duncan Riley offers up a great post on Web 3.0 . Read it! I totally agree on this one with Duncan (other than calling Web 2.0 a bubble) w.r.t. voice recognition. Like Broadband, this has been overpromised and underdelivered.

UPDATE – Duncan does not look at web 2.0 as a bubble – actually he is spot on .

If he is correct, I just may have to keep my eyes on Microsoft stock. In fact, I will. It is the reason I own some stock in Nuance (NUAN) and have written frequently about it.

Donna Bogatin has had some great recent posts over at ZDNet .

First, she takes a “Lindzon” like view on Web 2.0 not being a bubble – Congrats :) .

Next, she tackles the “Google Fear” opportunity I was discussing last week when I said that Yahoo and Ebay can only kill themselves – it won’t be done by Google – with her piece on Google checkout . From my point of view, the point is the hype has died and all that is left now is a lot of blocking and tackling and an unlikely death of PayPal at the hands of Google checkout.

Marco – from CoComment sent me this great link to Umair at BubbleGeneration:

This is not a bubble (=inflow of capital dependent on irrational expectations, or the like). This is a Long Boom. There’s a big difference: Long Booms are characterized by an ongoing and fairly ruthless winnowing of winners from losers. They are marked, in other words, by the opposite of what happens in bubbles: relative market efficiency. Think railways in the 1800s, and then consider that P&G getting 2.0 and making real money from doing so is vastly more Long Boom than bubble.

To the 2.0 crowd, because no correction has happened for a year or two, it looks like a bubble. Of course, they’re ignoring the massive, persistent, and thoroughly rational transfer of value from traditional media/IT/entertainment to new media.

Read the whole post !

Have a good Monday :)