SAN FRANCISCO (KCBS) -- The Web 2.0 Summit opened in San Francisco Wednesday, drawing the movers and shakers of the Internet industry.
The sold out conference at the Palace Hotel provided an opportunity for executives to ponder, schmooze and cut deals.
A topic amongst those attending was whether the industry is setting itself up for another dot-com bust. There are those who see the warning signs in places like Facebook. The social networking site has yet to make a dollar, but it's valued at $15 billion.
The first dot-com bubble burst in 2001. Some concluded the web was over-hyped, others saw it as a natural shake out.
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Web 2.0 Summit
(Photo courtesy of James Duncan Davidson/O'Reilly Media)
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KCBS' Tim Ryan reports
