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Wonderful World Of Web 2.0 - The Web 2.0 Summit is in full swing and already generated a bit of news in its first day - if you consider anything a Twitter executive says as news. While CEO Evan Williams disappointed bloggers once again by stopping short of disclosing any revenue models, he did say he “deperately” wants to rid of Twitter’s “suggested user” list, which offers suggestions on which users to follow. The list was launched last year and includes a wealth of celebrities, social media stars and brand-name companies who have benefited greatly by attracting thousands of users. Instead, Williams said, he’s looking to replace that list with a feature that will let people build their own lists of users to follow. Also at Web 2.0, Morgan Stanley’s Mary Meeker claimed the economy is improving and projected a coming mobile boom (see her presentation here), General Electric chief Jeff Immelt unveiled a handheld ultrasound machine, PayPal revealed it’s embracing outside developers, and Mark Pincus of social-gaming company Zynga predicted we’ll see an economy built around social-media apps.

The Daily Start-Up: Wonderful World Of Web 2.0