Investors Wake Up to Web 2.0
Online advertising revenues are higher than they ever were during the dotcom boom — and investment in online businesses followed suit in the second quarter of 2007.
Total investment in information services companies – which includes IT-based services such as database design as well as Web 2.0 internet companies that run social networks, blogs and wikis – reached nearly $1bn for the first time since the dotcom bust, according to the quarterly figures. The $979m put to work was 52 per cent more than the same period the year before, and more than was invested in the whole of 2003.
Fortunately, all that money isn’t going into insane IPOs this time. Note that those Benjamins are going into information services companies — part of the shift from software to services.
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