The Boom is Back

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FORTUNE Magazine on Net Companies
by Adam Lashinsky:

“You don’t need us to tell you that today the Net is fulfilling many of the visions its wild-eyed prophets were preaching about just a few years ago. All the impossibly cool applications that seemed so elusive in the late 1990s–Internet phone calls, (legal) downloadable music and movies, high-speed web access on cellphones, online bill paying–are a taken-for-granted part of daily life. Young people talk about themselves and their favorite rock bands at MySpace. College students get the 411 on this weekend’s party at Facebook. Moms post their family photos at Flickr. Dilberts waste their companies’ time watching homebrewed videos on YouTube.”