Web 2.0

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.

BREAKING DOWN '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 Model

    The plan implemented by a company to generate revenue and make ...
  3. Business Logic

    Custom rules or algorithms that handle the exchange of information ...
  4. Attrition

    The reduction in staff and employees in a company through normal ...
  5. Corporate Culture

    The beliefs and behaviors that determine how a company's employees ...
  6. Organizational Behavior - OB

    Organizational Behavior (OB) is the study of the way people interact ...
Related Articles
  1. Investing Basics

    The Top 5 Coding Schools in the U.S.

    Learn about some of the country's premier coding schools offering intensive courses in cutting-edge programming languages, such as JavaScript and Ruby.
  2. Economics

    Financial Media 4-1-1 For Investors

    Cut through the information clutter and decipher the useful news from the useless.
  3. Entrepreneurship

    From The Printing Press To The Internet

    Find out how this invention contributed to the development and evolution of the U.S. economy.
  4. Fundamental Analysis

    The History Of Information Machines

    Discover how technology changed the way we exchange information when trading.
  5. Personal Finance

    Tips For Keeping Your Financial Data Safe Online

    Find out how to protect your personal information from phishers, scammers and thieves.
  6. Personal Finance

    Avoiding Online Investment Scams

    Find out how to spot internet fraud and protect your hard-earned money.
  7. Term

    What's the Peter Principle?

    The Peter Principle observes that people tend to rise to their levels of incompetence in a hierarchy.
  8. Investing

    How Entrepreneurs Around the World Use Geo-arbitrage to Their Advantage

    Individuals are taking advantage of the new, mobile entrepreneurial opportunities created by technology.
  9. Economics

    Understanding Brand Identity

    A brand identity comes from visible elements, such as the company name, the design of its logo, its packaging design, and colors, tagline and typeface.
  10. Executive Compensation

    How Restricted Stocks and RSUs Are Taxed

    Many firms pay a portion of their employees’ compensation in the form of restricted stock or restricted stock units.
RELATED FAQS
  1. How do BitTorrent sites like The Pirate Bay make money?

    Learn more about torrents, BitTorrent websites, uploading streaming content and how BitTorrent sites earn money through ad ... Read Answer >>
  2. Why is social responsibility important to a business?

    Take social responsibility seriously, and your business could benefit from happier, more productive staff members while helping ... Read Answer >>
  3. How do you conduct effective social responsibility training?

    Read about social responsibility training resources and international guidelines intended to assist organizations in their ... Read Answer >>
  4. How important are business ethics in running a profitable business?

    Learn how business ethics as a guiding philosophy within a company can have a drastic impact on long-term profitability and ... Read Answer >>
  5. What advice does Howard Schultz offer would-be business moguls?

    Arm yourself with priceless advice from Howard Schultz and incorporate his savvy into your existing or future entrepreneurship ... Read Answer >>
  6. How does brand image and marketing affect market share?

    Building a positive brand image is a must for companies that want an edge over the competition. Learn how marketing and branding ... Read Answer >>
Hot Definitions
  1. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  2. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  3. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  4. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
  5. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
  6. Economies Of Scale

    Economies of scale is the cost advantage that arises with increased output of a product. Economies of scale arise because ...
Trading Center