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iPhone App: Alchemize
As far as a bet - thinking back to what was in vogue back in 1997 - I think you have some evidence behind you there.
Still, there is still a ton of money to be made from these temporary rises and falls, and some of these bigger companies trying to figure out if purchasing smaller Web 2.0 ones is a smart move, if only for defensive purposes. Part of the Facebook frenzy is driven by how MySpace seems to be making some good money for News Corp. And so the speculation expands...