In today’s Irish Independent’s Digital Ireland supplement Marie Boran and John Kennedy take a different angle on social networking in an article entitled Bubble 2.0. (not yet available online – go on, go mad and spend €1.80 on a copy of the Indo!)
Edited 15:56: “Bubble 2.0: Are we about to witness another technology crash?” now online.
Those interviewed make some really good points. Conor O’Neill of LouderVoice points out that “historically bubbles are when all the great ideas and grand plans are hatched and tried”. I’m always reminded about my art history classes in school when I read comments about that: (early, classical and) high period wouldn’t have the same je ne sais quoi as bubble, would it? However technological innovations in painting, sculpture and architecture are plain to see as they are the cultural artefacts that are preserved in galleries, museums and cityscapes around the world. Which Web 2.0 app will be the Sistine Chapel of the future?
Our own Fergal O’Byrne comments that many Irish businesses that were established before March 2000 are still thriving. It is this very global success that attracts all sorts of visitors to Ireland to learn about how we do this so successfully.
Pat Phelan and Tom Raftery also talk sense. Pat refers to Facebook’s finances and wonders what your local bank manager, looking at a “negative cash flow of US$150m”, would think if you said “I have an estimated value of US$15bn just like Facebook!” Tom (who currently has posted a presentation about Web 2.0 toolset for business for those of you who just can’t get enough – looking forward to video of same) insightfully suggests that Microsoft’s purchase of Facebook was strategic: “The only logic to paying US$240m [for a 1.6% share] was to get Facebook valued beyond anyone else’s reach”. Mmm liking the taste of the wine from that poisoned chalice, Facebook?
Also interviewed in the article are three others who spoke at our recent Congress: Philip Macartney and Mark Charkin from Bebo with the last word going to Barry Meehan from Worldwide Cycles, living proof that blogging can make you money.
One thing that surprised me in all of this talk (and a delegate at the Congress also mentioned this to me) is the focus on advertising and marketing while there is scant talk about the collaborative power of web 2.0. The IIA recently set up a Social Media Working Group who specifically mentioned that, in order to undertake their work as a group they will be using Basecamp from 37Signals.com. I’d love to hear more about how companies are using online collaboration and wikis for their work. I would be particularly interested in hearing the experience of those who aren’t neccessarily tech companies like GPs or retail managers or those in tourism or to paraphrase the young people, “Whoever!”