Readers of this blog know that I have been saying for months that Web 2.0 is a lot of hype. Web 2.0 was created by a few SF based hypsters that have been involved in lots of hype over the years.

The financial press of course loves hype stories. The financial press reporters of the late 1990s got suckered by the forerunner to Web 2.0 - "Community Sites." Web 2.0 is not much more than the Community Site bubble of a few years ago. Except now, as Dave Winer has pointed out, "Web 2.0 is nothing more than an aftermarket for Google." Winer feels, according to Dan Mitchell of The New York Times (Saturday 2 December 2006) that the next Internet stock crash will begin with the decline of Google's stock price.

This is an interesting theory by one of the more original thinkers about technology and the Internet -- Dave Winer. Many readers probably do not know Winer, but his tech resume has been impressive over a number of years.