The Editor 

A tangled web

John Hughman

A tangled web

This week marked the 30th anniversary of the birth of the World Wide Web. The brainchild of British computer scientist Sir Tim Berners-Lee, little could he have known that his “vague but exciting…” idea would transform the global economy. Other more commercially minded visionaries quickly saw its potential and built great fortunes. Some sniffed a profit, but failed to find it; early business models were – like Sir Tim’s original proposal – exciting, yet often still vague. Eyeballs sometimes replaced profits as a benchmark of valuation, as justified interest in this new technology became a mania looking for reasons to buy. And a decade after its birth the dot-com boom turned to stock market bust.

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