This video illustrates the power of Web 2.0 and its many features available to developers and non-developers alike. According to Wikipedia, "Web 2.0, a phrase coined by O'Reilly Media in 2003...refers to a perceived second generation of web-based communities and hosted services — such as social-networking sites, wikis and folksonomies..." In short, Web 2.0 is a term to describe a framework of various technologies which facilitates the collaboration and sharing of applications, reusable components as well as data between users. Enjoy!
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