Earlier quoted context omitted.
> Somewhere around 2005-2007, when people were wondering if the Internet was done Literally who wondered that? Drives me nuts when people start off an argument with an obvious strawman. I remember the time period of 2005-2007 very well, and I don't remember a single person, at least in tech, thinking the Internet was done. I don't know, maybe some ragebait articles were written about it, but being knee-deep in web te…
If you were in tech in 2005-2007 you were part of a small minority of the general population. It often didn't feel like a small minority because, well, you knew all those other people on the Internet, but that's a pretty strong selection bias. There is, of course, the Paul Krugman quote from 1998 that by 2005 the Internet would be no more important than a fax machine. [1] Here's Wired in 2007 saying, in reference to…
Didn't we only pass 50% of households having a home PC in like... '00 or '01 or something? And I mean just in the US, which was way ahead of the curve.
> Here's Wired in 2007 saying, in reference to Facebook, "no company in its right mind would give it a $15 billion valuation". [2]
I actually think that's correct... if the smartphone hadn't taken off right after that. The "consumer" Internet and computing, the attention economy, et c., functionally is the smartphone. A desktop computer and even a laptop aren't in use when driving, at the store, at the park, every moment on vacation, et c. It'd still only be nerds lugging computers everywhere if nobody'd managed to make a smartphone that's capable-enough and pleasant-enough-to-use to expand the market beyond the set of folks who might have had a beeper in earlier years (the part of the market Blackberry was addressing). A gigantic proportion of the "GDP of the Internet", if you will, exists because smartphones exist.