The Rise of the "Second Internet" and What It Means

Friday Apr 1st 2011 by Datamation.com Staff
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A new report from a securities firm says that companies like Facebook, Zynga, Twitter, The Huffington Post and Quora are transforming the Internet.

GigaOm: A new report from brokerage firm Wedbush Securities says that companies like Facebook, Zynga, Twitter, The Huffington Post and Quora are creating a "second Internet" that is much more social. These companies achieve success by open their APIs to developers, innovating continuously and rapidly, and engaging with customers.

The report includes a chart which shows how these "second Internet" companies have taken over from "first Internet" companies. It also includes potential market valuation data for some of the privately held firms in the report.

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