I See Your Schwartz is as Big as Mine

Peter Schwartz things Web 2.0 is dead. I left this comment on his article in the Huffington Post today -
Facebook’s Face Plant: The Poverty of Social Networks and the Death of Web 2.0:

You did not do very good research when writing this article:

http://www.techcrunch.com/2007/07/06/facebook-users-up-89-over-last-year-demographic-shift/
http://www.quantcast.com/facebook.com

A) The largest demographic chunk of users is 24-35,
B) Facebook reportedly operates on about $80 million/yr , meaning that $300 million in Revenue WOULD make them profitable.
C) Could you do with out your Outlook contact list? If so fine, if not then look at whats coming and see that Facebook is an excellent way to keep in touch with people you can’t see very often.

Web 2.0 isn’t dead, people who report on its death are simply on a melting iceberg looking for some more ships to sink before they go under themselves. Why do you think you guys just got $25 Million? Irony is shining here…

This guy wrote an article for a website that has comments and all types of “web 2.0″ content about the death of “web 2.0″

Get a clue. I like the Huffington Post, but its a bit early to be predicting the doom of a set of tools hundreds of millions of people use every day.

I totally agree that user generated content is not a sustainable business model for many (not all) businesses. But there are many businesses out there that are enjoying heaping rewards for allowing their users, visitors and customers to share their stories and comments online. UGC is not the end all be all of the web, but it has made the world a better place if you ask me, and its not going anywhere.