With the Web 2.0 phenomenon in affect, people are feeling the investment fever they did in the dot-com era according to CNN Money. The Internet bubble had burst once before and many people thought it would never happen again. The next net boom may happen again.
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News Corp, the group that invested in the popular social networking site MySpace, has invested $13.5 million with Foundation Capital in Simply Hired according to CNET’s News.com. Simply Hired is an ad supported job search engine which searches CareerBuilder.com, Monster and Craigslist.
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