On Web 2.0

Here is what a recent Financial Times article says about Web 2.0 technologies:

The principle behind Web 2.0 is that millions of internet users come together in cyberspace to be part of online communities. This is driven by the ubiquity of the internet – a billion people are now online and many have access to relatively cheap high-speed internet.

There has also been a generational shift. Young people have grown up with the web and are willing to socialise and share personal information online.