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Reddit and JotSpot Acquired

Posted by ryuzaki0 on from the bubble-2.0? dept.

Two Web 2.0 companies' acquisitions were announced today: JotSpot by Google, and Reddit by Wired. hpcanswers writes, "Google has bought JotSpot, a maker of wiki software. From the linked FAQ: 'Google shares JotSpot's vision for helping people collaborate, share, and work together online. JotSpot's team and technology are a strong fit with existing Google products like Google Docs & Spreadsheets, Google Apps for Your Domain, and Google Groups.' The purchase price has not been disclosed." Coverage of the JotSpot deal is everywhere; Cnet's and the AP's are thorough. And MattSparkes writes, "The user-generated news site Reddit has been bought out by Wired's parent, Condé Nast, for an undisclosed sum. As the great big Web 2.0 bubble continues to inflate towards the popping point, and Boston sees a few more young millionaires move west, who will we see bought out next?"

3 of 53 comments (clear)

  1. Re:No Bubble This Time by businessnerd · · Score: 2, Interesting

    If you have the ability to ask the question "Am I insane?", then you are not insane.

    --
    "It's not whether you win or lose, it's how drunk you get." -- H. J. Simpson
  2. Re:No Bubble This Time by Churla · · Score: 2, Interesting

    Here's the problem with saying "web 2.0" is bubbleproof. That whole thing about approximation and expectation of ROI based on what you think the company will do in the future. This means it's justified because they see some continued growth indefinitely in many cases. This is the exact same valuation fallacy which caused the original bubble. And in many ways is causing the real estate one.

    Web 2.0 will be in line for it's reality check.

    --
    I'm a fiscal conservative, it's a pity we don't have a political party anymore
  3. Re:I Know I Know! by lys1123 · · Score: 2, Interesting
    Slashdot! By ... um ... Google. And it will be bundled in with everything else and called YouGoogleDot Beta. It will be improved by parsing our comments and suggesting goods and services to us based on our thoughts and rantings.


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