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A continued concern for me as evidenced by one of my related posts here, is the continued sustainability of the blogosphere and Web 2.0 as we know it this morning. I do not think blogosphere can survive in its current structure nor at the rate of new blogs. I have to question Technorati’s statistics (from what I can find at the site they were last published here on 6 November 2006 by Dave Sifry) about the growth of blogs. For instance, do they keep counting those blogs that are opened but never updated? Do they only survey active blogs?
Anyway, all my worst fears about this topic seem to be of concern to other authoritative figures in blogosphere as well. In his Business 2.0 blog called The.Next.Net, Erick Schonfeld wrote a blog article called Web 2.0 Flameouts on 8th January, raising questions and suggests, “Some are calling this signs of the Web 2.0 bubble bursting”.
In fact Techcrunch has already started a Web 2.0 Deadpool where you can read about the company ‘flameouts’. This section is updated with new entrants as and when a flameout occurs. All too rapidly for my liking.
Will the number of new blogs peak and plateau then fizzle out as fads normally do? Am I the only one who sees blogging as a fad that 90% of bloggers may give up at some date in the future when family, kids, school, the office, career, marriage, divorce and maturity will determine the time available to continue the fad?
Is Web 2.0 simply another wiser Web 1.0 but with new flaws that Web 1.0 gestated for Web 2.0 to give birth to? Or has Web 2.0 really not learnt much from the Web 1.0 debacle?
Is VC greed still as ferocious and ignorant of sound investment rules?
Will the number of flameouts begin to increase?
