What is Web 2.0? Basically Web 2.0 is more dynamic which allows users to edit and view contents through their browsers. Web 1.0 was static, a more read only application which lacked interaction.
Although I was already aware of this change in Web technology however, what I did not know was that RSS was the main drive behind Web 2.0. I have seen RSS featured in many sites however I never know what it did till now :)
Web 2.0 was and is still a big hit with its social media, however from a financial prospective, it failed to deliver. I am sure that through Web 2.0's social media contributions it has generated significant revenues indirectly, however Web 2.0 still have not really presented a revolutionary way to really cash in on the new web technology since Web 1.0. (http://money.cnn.com/2009/01/07/technology/hempel_threepointo.fortune/index.htm)
Whats installed for Web 3.0? One thing for sure, Web 3.0 will be more technology driven rather than social. (http://www.labnol.org/internet/web-3-concepts-explained/8908/)
Johnny Ko
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