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Dare Obasanjo has put up a pretty darned interesting post on his thinking about the Web 2.0 Conference. Here's the bit that stood out for me:
Just like in the dotbomb days of 1999/2000, most "web 2.0" companies don't have a business model besides getting bought by a big company. The new crutch many of them lean on is Google AdSense when queried about how they plan to be profitable...
....Meebo reminds me a lot of the dotbomb days. It's basically an AJAX version of Trillian. Building an AJAX version of Trillian is cool from a geeky perspective but I honestly don't see them lasting long except if they get bought by some bigger player like Google, Yahoo!, MSN or maybe even Trillian.