Web 2.0 revived tech optimism after the dot-com crash dismantled it

Evidence

These developments seemed doubly exciting because popular wisdom had all but written off the web after the 2001 dot-com crash. Investors and journalists claimed that people would never again pay for online content, that Amazon was the victor in the e-commerce wars, and that money, funding, and attention had left the internet, possibly for good. Web 2.0 shone a spotlight back on the young entrepreneurs and “thought leaders” of Silicon Valley. In the process, it brought utopianism back to the front lines and created new investments and personal fortunes. — Alice E. Marwick, Status Update, 54

Categorization

• XREF: 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 succeeded by reviving techno-utopian ideals while promising new wealth — Alice E. Marwick, Status Update: Celebrity, Publicity,…, 150; Web 2.0 emerged as a deliberate rebranding strategy after the dot-com bust. — Alice E. Marwick, Status Update: Celebrity, Publicity,…, 146 (+8 more)

Broader Connections

• Web 2.0 succeeded by reviving techno-utopian ideals while promising new wealth #corroborates (0.85) — Alice E. Marwick, Status Update, 150
• Web 2.0 emerged as a deliberate rebranding strategy after the dot-com bust. #expands (0.80) — Alice E. Marwick, Status Update, 146
• The Web 2.0 hype cycle promised social revolution and immense wealth. #corroborates (0.78) — Alice E. Marwick, Status Update, 727
• The dot-com crash wiped out startups and investor confidence within months #expands (0.75) — Shoshana Zuboff, The Age of Surveillance Capitalism, 224