Mark [Simon, Search Insider] you're right. One has disentangle the reality from the hype. And of course it's not just Google that's benefitting from the hype.
Google's current valuation is $14
million per employee. But at least they have a business model that's generating revenue and margin. Can the same be said about the Web 2.0ers?
I was interveiwed by CNN last Friday. Essentially
they wanted a comment of Google's OpenSocial project and particularly the tie up with MySpace. Essentially my more sanguine comments regarding the need the demonstrate advertising conversion was
missed from the broadcast. Whilst I believe social networking has a role to play in both branding and sales activities, unlike straightforward pay per click, it has a tenuous link with customer
search.
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