Dave Winer: ‘Web 2.0 Is Nothing More Than an Aftermarket for Google’

This observation from Dave Winer rings true to me:

I almost wrote a piece yesterday saying that since the Web 2.0 companies aren’t going public, they’re safe from busting in a visible, dramatic way. I almost said it will be hard to tell when the bust comes, it’ll be softer and slower, you won’t hear a crash or even a pop. But I was wrong, and today we got the first rumblings of the shock that will signal the end of the bubble.

Google stock will crash. That’s how we’ll know.

★ Tuesday, 28 November 2006