Web 2.0 raising the ante?

Are Web 2.0 companies spurring a possible bubble 2.0?

Rubert Murdoch paid $580 million for MySpace.com last year. That was a deal, but what about the money that is being thrown at these companies hoping for a similar result?

Facebook - raised $38 million in funding (That one I see being a homerun. They gather so much information about college-age kids that the data alone is worth millions. Although . . . they have turned down an offer for $750 million hoping to fetch $2 billion).

Bebo - raised $15 million, TagWorld - $7.5 million, Tagged.com - $7 million. Habbo - $7.7 million, but it’s still not like the money tossed around in the ’90s . . . more at FastCompany.