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Here is an overview of recent web 2.0 announcements. I’ll try to make this a weekly post.

- Facebook turns dows $750M offer, hoping to fetch $2 billion [1]
- Zopa - a person-to-person lending company based in London raises $15M [1]
- Jobby Launches - job hunting web 2.0 style
- Riya Launches - photo search with facial recognition, long rumored to be acquired by Google
- PayPal Mobile Launches - not too late to beat TextPayMe [1]
- Beyond AJAX: HTTP Streaming [1]

The World Wide Web was not designed for Web Applications, and is a dead end for application developers. Let’s put things into perspective.

After TCP/IP has been standardized as the protocol of the Internet, Tim Berners-Lee invented its first great application - the World Wide Web: a simple collection of hyperlinked documents. Each document is identified by a fixed URL address, and written in a mark-up language called HTML. The documents are meant to be viewed in a web browser, which in turn uses a protocol for publishing and receiving HTML documents known as HTTP which works over TCP/IP.
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