The Rise of the Second Internet and What It Means

Wedbush Securities says we are seeing the rise of the "Second Internet," and the companies that are growing and succeeding share certain attributes -- including an understanding of the social web -- and are rarely the same players who succeeded in the earlier phases of the web.

Source:
http://gigaom.com/2011/03/31/the-rise-of-the-second-internet-and-what-it-means/