Web 2.0

AAA

DEFINITION of 'Web 2.0'

A term used to describe companies, applications and services on the Internet that have transitioned from the old "Web 1.0" structure. Web 2.0, in general, refers to the web applications that have transformed following the dotcom bubble. It describes the new age of the Internet – a higher level of information sharing and interconnectedness among participants. Web 2.0 does not refer to any technical upgrades to the Internet; it simply refers to a shift in how it is used.

INVESTOPEDIA EXPLAINS 'Web 2.0'

Examples of Internet sites that are classified as Web 1.0 are Britannica Online, personal websites and mp3.com. These websites are generally static websites with limited functionality and flexibility. Some examples of Web 2.0 sites now include Wikipedia, blog sites and Bittorrent, which all transformed the way the same information was shared and delivered.

RELATED TERMS
  1. Electronic Commerce - ecommerce

    A type of business model, or segment of a larger business model, ...
  2. Business Logic

    Custom rules or algorithms that handle the exchange of information ...
  3. Business Model

    The plan implemented by a company to generate revenue and make ...
  4. Cash Bonus

    A lump sum of money awarded to an employee, either occasionally ...
  5. Strategic Management

    The management of an organization’s resources in order to achieve ...
  6. Performance Management

    The management of employees, departments, and organizations to ...
Related Articles
  1. Financial Media 4-1-1 For Investors
    Economics

    Financial Media 4-1-1 For Investors

  2. From The Printing Press To The Internet
    Entrepreneurship

    From The Printing Press To The Internet

  3. The History Of Information Machines
    Fundamental Analysis

    The History Of Information Machines

  4. Tips For Keeping Your Financial Data ...
    Personal Finance

    Tips For Keeping Your Financial Data ...

Hot Definitions
  1. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  2. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  3. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  4. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  5. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  6. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
Trading Center