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Now thats funny. According to the NY Times, eBay, who bought over 28% of Craiglist in 2004, have filed a law suit against the company claiming that ..”Craigslist’s two directors, the founder Craig Newmark and the chief executive, Jim Buckmaster, took actions that unfairly diluted eBay’s economic interest in the company.”

There is speculation that this is connected to Craiglist raising another funding round despite have wads of cash in the bank.

Don’t you just love families?

San Franciso, USA. After all the hype the reality of Web2.0 kicked in. I started the day like an excited kid waiting in line to see Santa at the mall. Off I went with a spring in my step to the Moscone West hall for day 1 - the Workshops. Well I shouldn’t have expected too much as after all these were the workshops aimed at educating the dumb and the needy.

I kicked off with a session on Web2.0 Best Practices from “web technologist” Niall Kennedy. After an hour he was still running us through the history of the World Wide Web. He sure knows the bowels of web history. Rigor mortis set in when we reached the section of feeds. We took a 10 minute break and I ran. I dived into the last hour of Free Traffic:SEO/SMO presented by Stephan Spencer and Muhammed Saleem. Certainly more interesting and the blood began to circulate through my body again. Lunch was followed by Blogs & Social Media Marketing - experienced bloggers sharing their first-hand experience. Its good to get mainstream bloggers views on what works and what does not. Most of it pretty obvious to those already blogging but it is always good to get reinforcement.

So day 1 over and no great shakes really. Nothing exciting. Nothing breaking the bounds of web understanding. To be honest it was so bland I am feeling nervous about tomorrow. Will it buck up? I now feel like I am waiting in line to see Santa at the mall, knowing that he is punching every third kid when they reach him.

Oh boy, day 1 of Web2.0 Expo is about to kick off here in San Francisco and I feel like a kid waiting in line to meet Santa at the Mall. The Expo starts with a day of Workshops (optional) followed by the Expo itself (’Trade show’ to us Brits) tomorrow through Friday. Each day there are themed Sessions covering Strategy & Business Models, Marketing & Community, Design & User Experience, Fundamentals, Development, Mobile Web, Operations, and Social Platforms. The great and the good will also make a string of Keynotes, including Tim O’Reilly, Max Levchin (Slide) and Marc Andreessen. ooh I think I just peed myself.

More later.

So raise your hand all of you who think that video is big on the internet? Keep your hand up if you think that video over the Internet will challenge traditional Tv any time in the next five years? Now all of you with your hand still in the air are candidates for American Idol rejects. You know who I mean, the delusional character who walks in looking like a bag of spanners, sings like a cat being throttled and expects to get to boot camp. So put your hand down and listen carefully you poor thing. Web video will not replace TV viewing until there is sufficient critical mass of good quality content to be watched. Why?

1. Comscore estimates that in February the average ‘web’ viewer watched 75 video clips with an average length of 2.7 minutes per clip. That’s a paltry 3 hours a month. The average US citizen watches over 8 hours of television A DAY. Assuming a massive 100% growth in web viewing per year it would be 70 years before web video matched traditional Tv viewing.

2. There is a school of thought that says the ‘kids’ of today who have been brought up on the virtues of the Internet will shun traditional Tv and increasingly seek their entertainment from the web. Its a myth. Kids spend around 7.5 hours a day watching TV. And judging by my kids, they probably have a laptop on their knee while they are watching the TV.

3. Despite the surge in personal digital recorders that let you skip ads, advertisers will continue to plough their billions into TV rather than the Internet because TV wins the eyeball challenge. Total hours of video viewed on the web is approximately 14million a day. Total TV watched IN THE UK ALONE is approximately 199 million hours a day.

4. The majority of users do not want to watch long videos on the internet - why would they they still have a TV and a PDR? So they prefer to watch drossweb clips whilst messaging and watching TV at the same time.

So do you still believe that Web video will storm our lives in a 5 year time frame? If you do, say hello to Simon Cowell for me.

Close your eyes and picture the thickest person you could ever imagine. Go on. Stupid lips, stupid nose, a stupid vacant look in their eyes, a stupid hat, stupid clothes. The dumbest person in the whole of dumb land. Hold that picture for a moment. Now point your browser to Reptoids.com. Take a look around. If the site all makes sense to you then flick back to your mental image of Mr or Ms Thicko. That’s you. Admit it. You’d have to be pretty darn stupid to believe what you just read. Come on now. Go slap your self in the face, grab a coffee, snap out of it. A Reptile Community - living under LA - they have to be joking right?

The folks at the Reptoid Research Center believe that there exists a whole race of super intelligent reptile based lifeforms living in hiding under LA and across the globe. These reptiles are mistakenly believed to be aliens by the less intelligent (and clearly more gullible) human race.

So what do reptoids look like? Well after a decade or more of research here is the description released by the Reptoid Research Center..

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