Will 2007 Be the Year of Web 2.0 Backlash?

| About: Alphabet, Inc. (GOOG)
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Well, 2007 is not more than three days old and we’re seeing criticism bordering on a backlash against the Web 2.0 poster boys: Google (NASDAQ:GOOG), Digg (and all that is represents) and online video.

Google has had a rough week, to put it mildly. TechCrunch has a nice recap, Paidcontent has a fantastic roundup. Essentially, it’s become Microsoft (NASDAQ:MSFT). Congrats, that is more impressive than a $500 stock price. You should be proud guys!

Digg and company are raising doubts as to their business model. While many swear by the service, there is a sense that Digg has become all that is swore to replace.
Web 2.0
Last but not least, Venture Beat is reporting that a wireless video sharing site is having difficulty raising money. Hmm… where did we hear that before?

For what it’s worth, we think this says more about the state of the blogosphere than the companies mentioned here.

Digg will do just fine, though there is a strong likelihood that it does become - like Friendster - passe as something new comes along, more exciting, more raw.

Google will probably not slow down, though it will become more and more like Yahoo! (YHOO) and MSFT - a big, large corporation with employees viewing their job as a paycheck and not a mission to change the world. And that’s normal for any company that has accomplished as much as it has in such a short span of time.

Video? Not sure about the file sharing sites, like GUBA’s former CEO stated: YouTube won that prize. Video will go along the lines of traditional media, content will once again be viewed as king and there will be an emphasis on quality. This is something we outlined far more in depth in Top 10 Trends of 2007.

Disclosure: We operate a vertical search service MetaMojo.com, it’s not competitive to Google, we only wish… we also operate a video service, though it’s anything but a file sharing service, it’s a producer of original video for web and mobile (if we did not believe it, we would not be investing in it, after all).