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Silicon Valley appears to have closed book on Web 2.0 - San Jose Mercury News

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Post-social? Zuckerberg's talk as a post-mortem?

Silicon Valley's investors have soured on social as an area worth investing in.

The discussion of Facebook felt more like a post-mortem, a search for lessons learned, than a look ahead.

Facebook is happy because it decreases the chances of a competitor emerging.

"Whew, no competitor will beat us at our own death by a thousand cuts, it is!"

It reduces one risk.

Now Facebook sinks or swims on its own talent, not someone else supplanting it.

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