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