Egypt is Free, long live social networking.

Social networking has finally fully matured to be the force it always had the potential to be. It is a simple yet beautiful concept that grew from a dorm room with an intent to connect fellow students and continue conversations online. The real beauty is the collective power it gives to people and speed with which the entire humanity gets connected and can communicate, organize and bring about changes.

Social networking companies will finally succeed in finding ways to monetize effectively and become finacial juggernauts but hope the real spirit of these services never get diluted.

With the demise of number of start ups related to web 2.0 there is great deal of talk in the media on whether it is dead 2.0 already. One of the latest victim is the popular video sharing site Veoh.com, check out this link.

I guess to begin with, web 2.0 was never a solid business model and till now incumbents like Facebook, Twitter & You Tube are trying to squeeze out profits from their operations.