InternetNews Realtime IT News - Collective Intelligence Drives Web Companies' Growth: "Two years ago, Richard Rosenblatt saw user-generated content as a tremendous opportunity to grow a Web upstart company called MySpace.
Rosenblatt, who was then CEO of MySpace parent Intermix Media, said that as recently as 18 months ago no one really believed user generated content would take off the way it did.
But it did take off, leading, incidentally, to News Corp.'s $580 million purchase of Intermix.
During a panel discussion here at the Web 2.0 Summit, Rosenblatt and others discussed how user-generated content and 'collective intelligence' is powering this new generation of social Web sites.……"
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