These giddy social media tech ideologies need a lot more skepticism of the thoughtful sort.
Even companies with a lot of enthusiasm, particularly in the social media tech sphere, have postponed IPOs while volatile equities markets have shut them out of the opening prices they want.
So where do you see media and tech going forward in the next 5 years?
At least with 3-D hype deflated, media and tech companies can focus on more important things.
Now it seems like every company in the Valley is deeply involved in media and tech.
Ben Parr, co-editor of the social media and tech blog Mashable, said he had expected more from Microsoft's keynote, but that the company did show off the fact that it had a good year in 2009.
"There's still good activity in media and tech, but financial services is the one area that's in turmoil, and that's a lot of what drives midtown, " said Robert Sammons, vice president of research at Cassidy Turley, a commercial brokerage.
Tech media have their darlings: Apple for many, Amazon for some, Spotify for entertainment.
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The tech media loves gossip and has a big investment in keeping things stirred up.
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The impact of social media on how tech products are bought and sold is nascent, but growing.
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Day three of LeWeb just wrapped up moments ago and already the tech media is being bombarded with new newsworthy morsels.
Unlike many social-media darlings, tech bloggers in Silicon Valley largely ignored the site until they noticed that it was growing like mad.
Last year, we launched our 30 Under 30 project, where we named 30 up-and-comers in 12 industries, including science, media, and tech.
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But what really struck me as interesting is that Yahoo, often maligned in tech media, still has a huge and loyal audience that can drive big, big numbers.
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Rather than running product listings in trade publications and newspapers, media insiders say tech companies prefer to buy keyword ads so they can send buyers straight to the gear they want.
Like most of the tech media we're understandably skeptical of any attempt to relaunch the flagging social service, but after getting a peak at the redesign we've gotta say we're rooting for it.
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Cut across Real Estate, Financial Services, Manufacturing, Media, Tech, Green tech, Healthcare, Agriculture and Fashion, the 30 young African entrepreneurs, disruptors and innovators featured on this list are impatient to change Africa.
Because it's so hot right now, Apple is able to take a go-it-alone approach to product releases, summoning the world's tech media to the Bay Area for press conferences that focus only on its new products and bottom line.
Ms. Sandberg has been wooed for CEO jobs in the tech and media worlds, say recruiters.
So why do tech and media firms insist on landing in Silicon Alley?
The conference was part of a series of tech and media events sponsored by major media companies and governments in Europe.
In March 2007, SXSW helped propel Twitter from obscure service to something everyone in tech and media had to use.
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But the act of actually doing the hard work is up to us, no matter our social media or high-tech gadgets.
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New World TMT, its tech and media subsidiary, is chaired by Henry Cheng, eldest son of New World founder and billionaire Cheng Yu-tung.
Microsoft cofounder Paul Allen threw millions at building a "Wired World" global network of tech and media companies, with little to show for it.
Young tech and media firms can help gentrify parts of a city, but they are not sufficient to provide opportunities to the vast majority of its residents.
Allen has been selling off shares of the software maker he started with Bill Gates and investing in a more diversified basket of media, energy and tech stocks.
But Microsoft estimates that about 27% of U.S. consumers are media-philes and tech-enthusiasts who might be ready to try moving the video they've been collecting on their computers into their living-room televisions.
"I think John sees himself putting money into creating a revolution in the structure of media or high-tech companies, " says Robert Johnson, a Malone partner since 1980 and chairman of BET Holdings, which owns Black Entertainment Television.
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