Whatever people may feel about social media the fact is social media will be the next wave on the internet. If web was build on hyperlinks, the next wave will be build on communities.
Yes you might be right there but my feeling is that we might be over hyping it? Having said that I do agree with you, as it is now more “user/people” input is what will be (is already) the next thing.
I do have a huge feeling that it feels like a bubble. Especially when I am reading Mashable! and seeing all of the huge investments being made into companies with little if no profit margins.
However, the big difference is between the dot com bubble and the social net is people. And people have money in their pocket. People are also smarter consumers and use many peer advice articles like they once used side by side comparison.
I think there is a future for Web 2.0, but one that needs to be scrutinized by the numbers that it will ultimately post each quarter.
Jerard thanks for your post I must say agree and at least it is going to be fun watching the development of social media in the near future and in my case I am going to have a close eye on the evolution of social search. Having said that and just because I have the opportunity I am going to plug – I will be a facilitator at the internet marketing conference and expo Ad-tech London next month, drop by if you have a chance :-)
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