“Five years from now, the blogosphere will have developed into a powerful economic engine that has all but driven newspapers into oblivion, has morphed (thanks to cell phone cameras) into a video medium that challenges television news and has created a whole new group of major media companies and media superstars. Billions of dollars will be made by those prescient enough to either get on board or invest in these companies.”

FT : Time for the last post (thx john)

I agree and disagree. Yes, big changes are ahead, but the blogosphere will only be a part of this powerful economic engine. We need to start talking about the opiniosphere, a larger ensemble that is emerging, made of millions of people not only discussing through blogs but also around other social objects like pictures, places, bookmarks, CDs, movies, or events. Blogs are the tip of the iceberg, and as we all know the tip might be the most visible part but it is not necessarily the most important (quantity) or relevant (quality) part.

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