Reddit and JotSpot Acquired

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Posted by ryuzaki0 on Tuesday October 31, 2006 @07:11AM 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?"

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I Know I Know! by eldavojohn · 2006-10-31 07:13 · Score: 3, Insightful

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?
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. The sections will change slightly with the 'Google' section being renamed to 'The Section' and all the other being given the prefix of 'Google's Attempt to Build a Better.'

However, if Steve Ballmer buys Slashdot, it might be shut down with the server boards & hard drives made into urinals in Ballmer's private bathroom. Oh, think of all the bright futures of the mighty Slashdot!

--
My work here is dung.
1. Re:I Know I Know! by lys1123 · 2006-10-31 07:59 · 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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2. Re:I Know I Know! by yanos · 2006-10-31 08:09 · Score: 4, Insightful
  
  Your sig should read:
  
  Slashdot: A place where I'm +5 Insightful when I really tried my best to be funny.
Re:No Bubble This Time by businessnerd · 2006-10-31 07:31 · 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
Re:No Bubble This Time by Churla · 2006-10-31 07:32 · 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
Re:No Bubble This Time by coldtone · 2006-10-31 08:00 · Score: 2, Insightful

I don't think anyone believes web 2.0 is bubble proof. While some of these companies are going for a ton of money. (youtube, myspace) given there ranking in terms of Internet traffic these amounts are not absurd.

The others seam to be going for less then 50Mil. This is not a lot of money considering how much it would cost a big company to.

a) duplicate the software,
b) Advertise it, and build a brand
c) grow a community.

Its simply cheaper and easier for them to buy.
Slashdot's Sponsored Links by Kadin2048 · 2006-10-31 08:22 · Score: 2, Funny

I really think they would be more like this:

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