From Business Week:
But behind the peculiarities, Web 2.0 portends a real sea change on the Internet. If there’s one thing they have in common, it’s what they’re not. Web 2.0 sites are not online places to visit so much as services to get something done — usually with other people. From Yahoo!’s (YHOO) photo-sharing site Flickr and the group-edited online reference source Wikipedia to the teen hangout MySpace, and even search giant Google (GOOG), they all virtually demand active participation and social interaction (see BW Online, 9/26/05, “It’s A Whole New Web”). If these Web 2.0 folks weren’t so geeky, they might call it the Live Web.
And though these Web 2.0 services have succeeded in luring millions of consumers to their shores, they haven’t had much to offer the vast world of business. Until now.