Press Release
May 16, 2008
Release 2.0, Issue 8 - New from O'Reilly: Getting the Most out of the Mashup of Wall Street and Web 2.0
Sebastopol, CA--Wall Street and Web 2.0 are like iron and carbon: useful
enough on their own but mix them together in the right proportions and you
have the means for building something incredibly strong and flexible. But
it's the "right proportions" that have proven to be a challenge. One year
ago, Release 2.0 set about determining where Wall Street and Web 2.0
would ideally come together in a way that would magnify the strengths of
both. That exploration inspired O'Reilly's Money:Tech conference this past
February (http://en.oreilly.com/money2008/public/content/home), and it
continues in the latest issue of Release 2.0, which covers best
practices on both sides of the line as leading experts outline steps for
how Wall Street and Web 2.0 can work together and succeed.
Both Wall Street and Web 2.0 practitioners harness vast amounts of data in
the attempt to understand events in real- time. Both gain from harvesting
collective intelligence, building community, and understanding how being
more open can make them more profitable.
In the tech world, in spite of all the buzz about Web 2.0, many businesses
are still struggling to understand what it's all about. On Wall Street,
adoption of new ideas--such as openness, community, and technology
mashups--has met with resistance. Still, progress is being made. As
Release 2.0 editor Jimmy Guterman says, "A year after Release 2.0
firsts looked at what financial markets and web markets have to teach one
another, it can still seem like the two groups are still talking past each
other. But we're seeing early signs of how Wall Street and Web 2.0 can
work together--and deepening evidence that the two may become
inextricable."
"We talk to Paul Kedrosky, chair of our Money: Tech conference and an
influential blogger on the topic (as well as others), about why some on
Wall Street hate Web 2.0--and what Web 2.0 can do to infiltrate Wall
Street nonetheless," explains Guterman. "Entrepreneur Marc Hedlund, now
chief product officer for personal finance startup Wesabe, examines what
happens when hidden data gets surfaced, Cathleen M. Rittereiser talks to
hedge fund managers to discover what they think they want from Web
2.0--and what they're actually getting. Longtime Radar contributor Nathan
Torkington digs deep into prediction markets and spells out both how to
manage them and what companies might gain from implementing them."
Topics covered Release 2.0, Issue 2.0.8 include:
Looking for the New Pond
By Jimmy Guterman
Advice from Money:Tech conference chair Paul Kedrosky on how to overcome
skepticism and how not to look like a "twit."
The Wider Impact of Money 2.0
By Marc Hedlund
Collective money management shows one way Wall Street and Web 2.0 could
work together.
What Do Hedge Fund Managers Want from Web 2.0?
By Cathleen M. Rittereiser
They’ll want more once they understand it more.
Seven Hot Prediction Markets Tips
By Nathan Torkington
Best practices for starting and managing a prediction market in your
company.
Annual subscriptions to Release 2.0 are $495. Free samples of this issue
as well as back issues for purchase can be found at
http://radar.oreilly.com/r2/. For information on group subscriptions, site
licenses, or other questions, contact r2@oreilly.com.
1-800-998-9938
1-707-827-7000
http://radar.oreilly.com/r2/
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Sebastopol, CA 95472
About O'Reilly
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