81–90 of 137 posts
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Reddit now literally powers the generation of news cycles across the blogerverse. I didn't know Reddit had their own power plant.
Is that a joke, or are you unfamiliar with the many definitions of power?
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FYI: Reddit is open source. You don't have to roll your own, just go git it: https://github.com/reddit/
FWIW, I found Pligg a lot easier to configure and set up when I needed to create a quick intranet news portal last year.
The only reason it's $500k and not $0 is to save a small amount of face. Digg is losing money, and has never made money in its entire history, so it's going to cost Betaworks a lot more than $500k to take it over.
If they're not taking on any of the employees, what are their costs? It's not clear that they're even keeping the website up or that it won't be a rather radically different product. All they've said is that it will be a 'cloud-based version of Digg' which means nothing. It's probably a brand they're slapping onto something they already have in the works. How is it going to cost them a lot more to take it over?
Legal costs. Infrastructure costs. Clearing out employees and transitioning with new employees to take over and operate it. New product development to change the product into whatever they have in mind.
It's ridiculously easy to blow $500k doing nothing in tech when salaries run $100k with total compensation. And that's just the employee costs.
It'll cost Betaworks several million dollars to get Digg the way they want it, all in, including the purchase price.
Reddit won the game, slow and steady. Reddit now literally powers the generation of news cycles across the blogerverse. BuzzFeed? HuffPo? Gawker? TheDaily? Reddit, yesterday. First thing first is rescue the culture. Digg engineering already fled, the peanut gallery in the valley keeps squawking with delight about your failure, and all you have left is some nicely designed pages showing double digit gains on stale lin…
No it doesn't. Go to the front page of reddit right now and try to find me a piece of news. I see 2 items out of 25 links. One of them is a [linkbait title] story about wikileaks winning a case against VISA (in iceland). The other is about a Canadian supreme court ruling.
You'll see something get a few hundred comments on Reddit, often in one of the non-default subreddits, then the next day there's an article on an Atlantic or NYTimes or HuffPo blog about it. It'd be interesting to trace who influenced whom, since I don't have hard numbers, and am not 100% sure where Reddit fits into the food chain. I'm certain there's some food chain though, because some of it is very unlikely to be coincidence; e.g. I'll read some interesting "weird historical episode" tidbit someone pulled out of Google Books one day, then a day later a mainstream news organization is blogging about this very same weird-news tidbit from 1913, which they clearly borrowed from somewhere (whether Reddit, Twitter, some kind of analytics data, etc., I'm not sure).
> The News.me team will take Digg back to its essence: the best place to find, read and share the stories the internet is talking about. Right now. With my cynicism hat on nice and tight, it seems a bit late for that. Digg WAS, in its heyday, the best place to find and share online content. But as the management undertook on iffy decision after another, and as imitators sprung up left right and centre, it lost its pl…
> The News.me team will take Digg back to its essence: the best place to find, read and share the stories the internet is talking about. Right now. With my cynicism hat on nice and tight, it seems a bit late for that. Digg WAS, in its heyday, the best place to find and share online content. But as the management undertook on iffy decision after another, and as imitators sprung up left right and centre, it lost its pl…
I liked Reddit back when it was less well known. Now, it just appears that the content appeals to the lowest common denominator. Some of the content is still great (i.e. r/dwarffortress), but a lot of the site has degraded into junk. If anyone has some good subreddits that are still decent, I'd love to know what they are.
P.S. for the redditors: I have nothing against reddit, it's just that I'm already drowning in information and never found the time to get in to it.
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WOW That is nothing! I am installing cisco switch gear as we speak that s worth more than that!
For a 4-letter domain I say it's quite a bit.
I can't think of any service that could be built out that will benefit from that domain name though, s even for a four letter domain - I think they threw $500K down the tubes.
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Digg bleeds money because they're overstaffed for what they do. Reddit ate their lunch with five paid people, while Digg was employing dozens. I think they had over 100 people on staff at their peak. Even now, when reddit has an order of magnitude more traffic than Digg ever had (1 billion+ pageviews a month), reddit runs with a staff of about 10 people. Digg probably still has a whole lot of dead weight, even at thi…
Yeah, but reddit appears to have been staffed with employees who worked all hours of the night and day for a salary; see blog posts from before reddit gold. That's not sustainable and unless you have a line on a set of really smart suckers who want to work way too much for the same money then can get elsewhere working half the hours or on call... you need more employees.
1. I don't think that people, working all hours, are actually significantly more productive than those working regular hours. In fact, in knowledge work, there's good evidence that you only get two or three hours of real productivity per day, no matter how long you keep banging your head on the keyboard. 2. Even if reddit developers and staff were twice as productive as Digg folks, that only indicates that Digg had five times too many people (instead of ten times too many).
Reddit won the game, slow and steady. Reddit now literally powers the generation of news cycles across the blogerverse. BuzzFeed? HuffPo? Gawker? TheDaily? Reddit, yesterday. First thing first is rescue the culture. Digg engineering already fled, the peanut gallery in the valley keeps squawking with delight about your failure, and all you have left is some nicely designed pages showing double digit gains on stale lin…
No it doesn't. Go to the front page of reddit right now and try to find me a piece of news. I see 2 items out of 25 links. One of them is a [linkbait title] story about wikileaks winning a case against VISA (in iceland). The other is about a Canadian supreme court ruling.
Then there was the girls graduation present where her dad got all her teachers from kindergarden to graduation to give her encouraging words. This hit my local newspaper about 5 days after I saw it on Reddit.
Soft news has basically turned into trawling reddit and twitter for popular things.