2008 Predictions Part 1
Sorry for a lack of updates. Been busy for the holidays.
I have compiled a list of predictions about 2008. This entry will consist of three parts and cover a range of internet, economic, and financial topics.
Social networking and web 2.0 predictions
1. Contrary to all the doomsayers and pessimists there will be NO compelling evidence of the bursting of the so called web 2.0 ‘bubble’. The current trend of social networking and web 2.0 will remain stronger than ever though 2008.
2. Google will acquire 5-10% of Facebook, and the unsold portion of facebook will have a valuation between $25-30 billion. Google’s last resort to enter social networking arena will be to acquire a small stake of facebook for a very hefty price.
3. Myspace’s and Facebook’s growth will continue to surge. Both site will be able to coexist without either one taking too much market share from the other. Facebook will report 80 million members from the current 45 million.
4. There will be no further ‘breakout’ web 2.0 websites. The current web 2.0 leaders (youtube, myspace, digg, facebook) will continue to reign.
5. Google’s Open Social and Android initiatives be be deemed a failure by the majority technology community towards the end of 2008.
6. Facebook’s advertising platform will be a resounding success in spite of the so called ‘privacy’ issues.
7. Web 2.0 sites Linkedin and Twitter will begin to falter in 2008 showing slowing membership growth.
Also feel free to post your own predictions in the comments section and I’ll post them under ‘reader predictions’ later.
Stay tuned for part 2