Web2.0 was a series of conventions held by O'Reilly media to sell books. The conference came after the dotcom bust.

The conferences used the name "Web2.0" to market to the companies that were still solvent after the undisciplined venture capital dried up.

There really was no new technology involved.

A large number of companies went under and we saw massive media consolidation.

The biggest problem of the early internet was the lack of a decent payment mechanism and decent authentication.

!PIZZA