CEO Says Akamai Will Avoid Web 2.0 Apocalypse
On yesterday's third-quarter earnings call, Akamai Technologies Inc. (Nasdaq: AKAM) CEO Paul Sagan said his company was well positioned to weather the current financial environment, in part because the company has limited exposure to "newfangled sites" that haven't yet figured out their business models.
During the conference call, Sagan talked extensively about the financial issues facing a number of Web 2.0 Websites, particularly those that are venture funded and not yet profitable.
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— Ryan Lawler, Senior Editor, Contentinople