The Web 2.0 hype cycle promised social revolution and immense wealth.

Evidence

When this project began, the economy was soaring and Web 2.0 was hyped not only as a social revolution but also as a potential source for immense wealth. The social revolution claim has since been tempered by nuanced critiques of the culture, commerce, and impacts of social software, while the wealth hype has been softened somewhat by the economic downturn (at the last South by Southwest I attended, a friend and I kept track of how often the phrase “in these troubling economic times” was repeated during presentations). — Alice E. Marwick, Status Update, 727

Categorization

• XREF: Connects to the broader tech-hype literature and to the reader’s knowledge of Web 2.0 discourse. — connects to: Web 2.0 was framed as a revolution distinct from the dotcom Web — Alice E. Marwick, Status Update: Celebrity, Publicity,…, 50; Web 2.0 ideology framed information sharing as the bedrock of social and political revolution. — Alice E. Marwick, Status Update: Celebrity, Publicity,…, 52; Web 2.0 revived tech optimism after the dot-com crash dismantled it — Alice E. Marwick, Status Update: Celebrity, Publicity,…, 54 (+4 more)

Broader Connections

• Web 2.0 operates as an imagined community promising democratized creativity and wealth #corroborates (0.90) — Alice E. Marwick, Status Update, 24