Massive acquisitions of MySpace and YouTube revived 1990s-style internet financial euphoria

Evidence

In fact the 1990s’ boom is redolent of much of today’s fascination with the sharing economy, the internet of things, and other tech-enabled businesses. — Nick Srnicek, Platform Capitalism, 27 (#corroborates, via linked claim)

“Web 2.0” represented a “reboot” back to the ideals of the early web, the “five c’s.” One of the reasons Web 2.0 was so successful is because it both revived and revitalized long-held techno-utopian beliefs held by dot-com survivors, activists, and old-school geeks, as well as presenting another opportunity for wealth generation. The appellation “2.0” suggested a return to the early web as an exciting space of creativity and innovation, rather than the crass, carpetbagger gold rush of the dot-com boom. From the start, Web 2.0 encompassed both financial and idealistic motivations for technological innovation. — Alice E. Marwick, Status Update, 150 (#expands, via linked claim)

Categorization

• XREF: connects to: Current tech enthusiasm parallels the late-1990s bubble dynamics — Nick Srnicek, Platform Capitalism, 27; Web 2.0 succeeded by reviving techno-utopian ideals while promising new wealth — Alice E. Marwick, Status Update: Celebrity, Publicity,…, 150; Online platforms collapse the institutional framing that once distinguished cultural forms from capital flows. (+1 more)

Related

• Massive 2006 acquisitions of social sites revived tech industry speculative enthusiasm (similarity 0.86)
• Current tech enthusiasm parallels the late-1990s bubble dynamics (similarity 0.86)
• Web 2.0 succeeded by reviving techno-utopian ideals while promising new wealth (similarity 0.82)
• Web 2.0 revived tech optimism after the dot-com crash dismantled it (similarity 0.80)
• Web 2.0 is as much an ideology as a technology era (similarity 0.79)
• Web 2.0 ideology framed information sharing as the bedrock of social and political revolution. (similarity 0.78)
• Web 2.0 was framed as a revolution distinct from the dotcom Web (similarity 0.78)

Broader Connections

• Current tech enthusiasm parallels the late-1990s bubble dynamics #corroborates (0.92) — Nick Srnicek, Platform Capitalism, 27
• Web 2.0 succeeded by reviving techno-utopian ideals while promising new wealth #expands (0.78) — Alice E. Marwick, Status Update, 150
• Online platforms collapse the institutional framing that once distinguished cultural forms from capital flows. #expands (0.75)