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or the last two weeks, I’ve been mulling this concept of market correction as it pertains to the web. There are a variety of stories that have been related, in addition to signatory bubble characteristics that I have observed for some time, but it’s all coming into a lot more focus as time has gone on.

A market correction is an economic term describes a natural occurrence when a certain market sector becomes “over sold” or hyperinflated, or when a sector becomes irrelevant to the market and is put out of its misery, or re-capitalized. It is a “coming to center” that occurs naturally when there is an imbalance in the system.

We’ve seen macro-economic market corrections in the form of the housing and financial market implosion last year or the dot-com bust of the late 90s. Last year, around this time, the stock market gave up half of its value in a correction that wreaked havoc in every market sector. Even the startup market based largely in Silicon Valley felt the effects as leading venture capital firms started informing portfolio companies of looming doomsday scenarios. More after the jump.

Cheap video and still digital cameras, broadband, and the advent of blogging have brought about this idea of “citizen journalism,” presumably to report the “real” stories that get ignored by “mainstream media.” Many bloggers have assumed this mantle of “citizen journalist,” and some sites like The Uptake have embraced the idea of publishing firsthand reporting by Joe Sixpack, as Sarah Palin would say. This has acquired the “citizen journalism” title. Some sites take this further, like the “collaborative journalism” of NowPublic. CNN has had an “iReport” site that posts “citizen journalists’” clips, reports, and other snippets.

La semana pasada escribí un artículo sobre Toyota y el uso adecuado de la reputación de sus productos. Esta semana, Toyota vuelve a ser el tema… pero esta vez por el uso de publicidad poco ética.
Cada persona, compañía o producto tiene lo que llamamos una cuenta de confianza (trust account). Hay acciones que resultan en [...]