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Thinking back to about 2007, I remember the frothy fervor surrounding all of the new "web 2.0" companies that were coming on the scene back then. I thought for
by CodeCube 13y ago
Thinking back to about 2007, I remember the frothy fervor surrounding all of the new "web 2.0" companies that were coming on the scene back then. I thought for sure that the tech industry was about to see another apocalyptic event as the web 2.0 bubble popped. Thankfully, that bubble never popped (although another one did in '08).
I think it's healthy for people to be paranoid of another bubble forming ... it helps potentially keep it at bay. At least, that's what I tell myself :P
- randomdata 13y agoI believe the "web 2.0" bubble did pop in 2008. However, we saw the rise of the "app economy" at the same time. Anyone failing in the web 2.0 sector could easily, and often transparently, pivot to the sudden demand for mobile applications. Whether that is a sign of the software industry maturing, or if it was just plain good luck, remains to be seen.