Don't Call It a Bubble

It may be tempting to draw parallels between Web 2.0 hype and the dot-com frenzy. But hard numbers show this isn't 1999

I spent last week in Memphis, Tenn., as far away as I could get from Silicon Valley. I have been immersed in the Web 2.0 scene for the better part of a year—attending no fewer than a dozen events in the prior month alone—and I was tired of it. Tired of the small talk; tired of being "on"; tired of mugging for photos that would be posted on someone's blog the next day. I needed a break.

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