Optimism Mixes with Worries about Web Economy

We're at a turning point akin to literacy or the formation of cities. This is a huge change in the way the world works.

-Tim O'Reilly, Publisher and Web 2.0 conference organizer

He made the remarks in a speech that also acknowledged fears that the economic downturn might be hitting parts of the online industry hard. "The recession will touch the Internet," said Slide Founder and Web 2.0 participant Max Levchin. "There's no question about it."

In Carolyn McCarthy, "The Web.20 Economy Hangs in Limbo," CNET, April 25, 2008.