My friend and colleague sent me a link to this PC Mag article…
Oh dear! What I hope this does not mean is that I will keep working hard at developing my favascript, Flash, PHP ekcetera skills only to find that the job market is saturated with people fallen from grace in respective bust companies or that the purchasers and users of such online things are put off completely.
Personally I think that there will always be failures in any kind of business environment and t’internet is no different, however the current trend of jumping on the latest band wagon is dangerous and will add to “Bubble 2.0”. Creating the next social networking site, or the next video streaming site and investing everything into it is always going to be a big mistake – I just think that there would be less of an impact if the burst does happen if some people sat back and went “Actually they did it well enough and I won’t be able to compete.”
Of course there are the services that should be removed and destroyed – things like mySpace that is a total waste of time, space and effort. Bad code breeding bad designs, thousands of bands you’ve never heard of spamming you, hundreds of friends (I don’t think I have 1,00 friends anyway – nevermind that use myspace!), bored people bombarding you with pointless things (can be applied to facebook as well!) and owned by an evil (alledgedly) corporate giant.