If you did not believe we were witnessing the second round of the Internet bubble, your eyes were opened wide on Monday. When Google (GOOG:NASDAQ) snatched up YouTube for an astonishing $1.65 billion, Web 2.0 went into high gear. 

Thanks to sites like YouTube and MySpace, the Web is going through a major transformation.  As the chart above shows, the amount of households using high-speed Internet connections has nearly doubled over the last four years.  At the same time, the average time spent surfing the Web has increased by five hours.

Each month, the average Internet user spends nearly 30 hours on the Web. That is 30 hours they are not in front of a television or reading a magazine, viewing traditional forms of media.  Any company that has anything to do with Internet advertising is going through a revolutionary period.  Many of them are making money hand over fist.

Enjoy your profits.

Special Report: How to get in on the ground floor of this rising Internet giant. Forbes calls it..."The Purchase of the Century"- learn more by visiting our special report.

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