Skype's record sale, the new round of investments in social media companies and rumors about Facbook's public offerings recall the high times of the New Economy. In the 90s, a big bubble ended the internet optimism. Could it be different this time around?
The rise of social media has led to the emergence of a few companies that wield enormous influence - and have the potential to reap in the benefits of innovation. The current hype is no bubble but a sign of the importance of the internet industry for the 21st century.