A reliable source just confirmed the company’s plans, noting the company has hired Allen & Company, a tiny but influential private investment firm, to help broker a deal. The asking price is still $300 million, the source said.
This will come as no surprise. Rumors of a sale have been rampant for months, although until now we hear co-founder Jay Adelson has been trying to muster up interest in a sale. This is the first time Digg has hired a bank to shop the deal.
Digg will stop censoring .... read statement from KevinRose:
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by KevinRose at 9pm, May 1st, 2007 in Digg Website
Today was an insane day. And as the founder of Digg, I just wanted to post my thoughts…
In building and shaping the site I’ve always tried to stay as hands on as possible. We’ve always given site moderation (digging/burying) power to the community. Occasionally we step in to remove stories that violate our terms of use (eg. linking to pornography, illegal downloads, racial hate sites, etc.). So today was a...
It was Tuesday, 1:22 a.m. on the West Coast, and influential news recommendation site Digg was hopping. A new story about a blog dedicated to showing photographs of crowds had just gotten enough diggs to make the "popular" list on the tech/design page, and several people were commenting on it.
"How the hell did this get to the front page?" Pawperso wondered.
I can tell you exactly how a pointless blog full of poorly written, incoherent commentary made it to the front page on Digg. I paid people to do it. What's more, my bought votes...
Later this year, Digg will launch a recommendation tool able to expose members to fellow Diggers who appear to have similar interests, says KevinRose. "Digg will be smart enough to know what interests you," says Rose. The site will identify those with like interests in part by the previous stories they have dug and "buried"
Top Diggers are routinely being emailed with unsolicited requests from private companies to help them submit and promote their own stories., in exchange for money. The frequency is in around once a week or perhaps even more frequently, and is as inelegant as the following:
My name is xxxx and I have been recently promoted as xxxx at xxxx. Our company sells xxxxx . My job is to get people interested in our site, but my problem is that I have not had any success. While searching the web for possible business partners, I started to read about...
Digg became one of the top sites for tech news because it lets Web-savvy geeks decide what's newsworthy, offer up stories they like and vote on their favorites.
Now, dubious Internet marketers are planting stories, paying people to promote items, and otherwise trying to manipulate rankings on Digg and other so-called social media sites like Reddit and Delicious to drum up more links to their Web sites and thus more business, experts say.
Some marketers offer "content generation services," where they sell stories to Web sites for the...
In a fairly old post dugg up, it was found that KevinRose admits to using human moderators to edit Digg. We’ve known Digg’s moderators exist — and moderation isn’t the problem in and of itself.
But there are two issues with Digg’s moderation that I take exception to.
i) they are clearly ineffective — as evidenced by the three leaks over the past few weeks; the fake story about the 650k PS3’s that needed to be recalled (attributed to Reuters, clearly false); the spammer’s post hitting the frontpage, getting free, free,...
In this interview, conducted at the Future of Web Apps Summit, Sarah Drew talks to KevinRose, founder of digg
Topics:
1. What’s the creative process behind digg?
2. How do you think up new features? Do you use a digg-like consensus approach to them?
3. How have you seen digg affect traditional media?
4. How will digg-spawned sites and web apps be in the future?
Rumsfeld's resignation broke an internal record for the time it takes a story to go from being submitted to landing on the home page ( http://digg.com/world_n...ld_Resigns ). It took about 3 minutes for users to digg the story enough for it to make it to the front door. Google News had it 20 minutes later. Lesson: "People can break news faster than machines."
33% of the diggs for the Rumsfeld story happened when people saw the headline within Digg's Swarm and Stack tools.
It seems like the “first principles” of social media — before web applications, AJAX, blogging, and everything (yes, even before Authenticity and Transparency) — are based on conversations: the give and take between two parties.
And based on the utter silence, KevinRose deserves a failing grade.
For a website that is meant to be the poster child of the Web2.0, you would expect the management to walk the walk – be as engaged as possible with its community to help improve the community and the...
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