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157 Comments
- canewediggit, on 10/12/2007, -10/+2212 dollars! i want my 2 dollars!
- sophiaperennis, on 10/12/2007, -1/+69"MySpace is currently generating approximately $2 in revenue per 'friend.'"
Digg is definately worth atleast $3 per digger. Let's not lower our intellectual standards, by comparing ourselves to MySpace. - ngageguy, on 10/12/2007, -4/+48@shrimpdesign I hear Netscape is hiring...(he says with tongue firmly planted in cheek)
- macewan, on 10/12/2007, -1/+34speak for yourself, I want my $16 by the end of next week or else
- inactive, on 10/12/2007, -8/+37Digg.com is a service. It is designed to allow people to share webpages and discuss webpages of common interest and it does so using minimum ads and doesnt charge a user fee. If the digg management is able to make a living using this website format then all the power in the world to them I say. "Use the force Kevin Rose"
- synaesthesia, on 10/12/2007, -3/+28As great as digg is, it simply cannot compare to Myspace in sheer numbers. Advertisers dont want the 'smart crowd' that you say makes up the average group of diggers. Advertisers want the 'dumbasses' who will blow a paycheck on the newest shiny *desirable thing*.
- flernk, on 10/12/2007, -6/+29Now, when the social networking bubble pops, you can say "I knew that was coming, like, FOREVER ago. Duh"
- srg13, on 10/12/2007, -2/+22But it is a small amount when compared to other sites that have 4 to 6 flashing banners on every page... And Digg's ads are quite discreet and arent in the way of the content. I don't notice them at all anymore. But I guess that's a bad thing for Digg, as it means less money.
- josegutz, on 10/12/2007, -2/+192 dollars? I can't even put a gallon of gas in my car for 2 dollars...
- DannoHung, on 10/12/2007, -3/+19Man I hate web pundits.
We should have them all fight to the death, the winner would have to face John Dvorak in mortal combat.
Then we'd squash both of them with a rock. - mozzer, on 10/12/2007, -3/+17myspace filled with gullible teens with more of a disposable income and a willingness to blow it all. they're far more likely to impulsively waste their cash on CDs, movie tickets, ringtones, name brand clothing, and grillz.
in contrast, the average Digg user will count their pennies, and scrutinize every product detail even before making a purchase. these are the same people that are holding out for 50 cent DRM-free MP3s
now really, who looks more attractive to advertisers? - chicagobiker, on 10/12/2007, -5/+18The point is they aren't making a living and this whole Web 2.0 nonsense is the same thing as the 1999 .com bubble. It's a bunch of ***** investors are blindly throwing money at pretending there will be this huge windfall. But there won't be. There's no product here. We're all just basking in the goodness of other peoples foolish spending.
It's like some rich kid convinced his dad to buy an amusement park for him and his friends, telling his dad there will be HUGE profit here one day, and dad believes him and buys it. And we all have a great summer riding the rides. Then dad goes, alright, where's my money from selling concessions. And everyone looks at dad and shrugs and says "sorry dude, we don't really like buying concessions, we bring our own, but the free rollercoasters are sweet, can we get 50 more of them?".
There is no such thing as a "service" unless you're paying for it. Ad revenue from these sites does almost nothing to offset their costs. If Digg charged everyone $25 a month you'd all leave and there'd be nothing but crickets chirping here.
My prediction on what will burst this bubble - all the kids go back to school and someone finds something more fun than MySpace which everyone immediately drops and then NewsCorp realizes they just got taken for BILLIONS of dollars and are left with nothing but a really ugly music freeloader site that no one cares about anymore. - duest, on 10/12/2007, -4/+17If everyone was contributing, we'd have too many users trying to submit stories and the universe would no doubt collapse.
I, for one, do not wish to spend an eternity in limbo wishing that I hadn't been so damn enthusiastic. - saralk, on 10/12/2007, -5/+17MySpace doesn't really compare with Digg. For one thing, I bet digg could command higher advertising prices, since the user base is probably an older, better educated and probably has a bit more money to spend than the average MySpace user.
- Grimdotdotdot, on 10/12/2007, -2/+14Do you not read the comments on Digg?
- saralk, on 10/23/2007, -6/+18registered members does not equal number of users.
- cromus, on 10/12/2007, -4/+16Digg Users are the true heros of the internet. It's a tough job finding news articles/***** blog entries that other people wrote and then submitting them. How DARE these "social freeloaders" benefit from our hard work!?!?
Honestly I wish half of the current digg users would die in a fiery explosion anyway. "REED MY BLOGLOL!!!!!!!!!!!!!111" - Sirocco, on 10/12/2007, -2/+13>> hah then what is slashdot in all of this mix?
Slashdot is 60 Minutes. Established, reliable, but not for people under 30 ;) - calebegg, on 10/12/2007, -5/+15minimum ads? hmm...1 2 3, yep, 3 google ads. Actually, that's the maximum:
http://www.google.com/support/adsense/bin/answer.py?answer=9735 - JorgeGT, on 10/12/2007, -6/+16Because I actually like the ads! I like hovering them to see the beautiful silver / blue / gray colors...
*Hoovers... hoooovers again...* - toxicredm, on 10/12/2007, -1/+11FTA: "The average YouTube user is watching the content, not generating it..."
Duh... The average person watches TV but they're not all out there in a studio producing shows themselves. - foolfromhell, on 10/12/2007, -1/+10Also...
http://www.digg.com/tech_news/Estimating_the_Airspeed_Velocity_of_an_Unladen_Swallow_2
On Digg even. not nerds you say.... - tawnykw, on 10/12/2007, -2/+10But you could buy a slurpee Mr/Ms 7-Eleven :D
- techiedavid, on 10/12/2007, -1/+9$2 per day?, week?, month? year?
How about a minimum wage standard for the Internet! - arg553, on 10/12/2007, -4/+11why aren't you using ff or opera and utilizing their ability to block ads?
- Nobi-Wan, on 10/12/2007, -2/+9Well I guess this article debunks Ted Stevens theory that people see the internet as a "dump truck" and needs to be regulated because it's "a series of tubes." If only 1 in 20 users is actually uploading content and the rest of us are viewing it then nobody's "dumping" anything on the internet. It's a very small minority that adds anything to the internet on a frequent basis.
- Murdats, on 10/12/2007, -1/+7"'while more than 35 million videos are viewed daily, only 35,000 are uploaded'" (in reference to youtube)
how is this a bad thing? seriously, who is complaining that there arent 35 million videos uploaded a day? I want to punch them in the face - phlux, on 10/12/2007, -1/+7@chicagoBiker
That is totally correct on most accounts. The only sad part is that advertising is a real industry. The revenues made from selling advertising are real and profitable. Why do you think there are so many magazines out there - not because there is so much good content.
Take a look at any magazine marketed towards women. I recently looked through a magazine my wife had - I dont recall which one, but it was a vogue or cosmo or one of those types.
I counted the content pages vs the ad pages. The magazine was almost 200 pages thick.
out of 200 pages of magazine 20 WERE FREACKING CONTENT!!
10%
All the other pages were ads for ***** that women dont need and men shouldnt buy for them. Of those ads at least 1/3rd were for ***** that NO women will buy. Like 25K diamond necklaces, ads for no obvious product at all. etc...
The point you make about the attention shifting from myspace to something else is totally right on - but that doesnt mean that the revenues they are making now arent real monies.
The problem with the social networking space at this time is that it provides a novelty and not a service. Combine a real service that people on a broad scale want to use with the social networking capabilities and you have a retention path. Problem is that real services are much harder to appeal to a broad audience - noveltys spread like wild fire as they are typically attached to, or creations of, pop culture memes.
I see the social networking "utility" as a pop culture meme that is here to stay permanantly. Myspace covers 74% of the market - but they will be hard pressed to have any long term retention unless they do some drastic rearchitecting of their offering, which is not too likely based on the comments of their CEO who said (paraphrased) "as long as we dont muchk with the site, we will be fine"
Every other soc net site is banking on the fact that myspace wont change... - Mazgazine1, on 10/12/2007, -3/+9I am still amazed at the amount of people that actually click on adverts on sites... I also get really confused when I hear free sites like Google and Myspace have 'revenue' and even 'profits' when I don't buy or click on anything from these sites...
Hmm. I need to start an adverts site or something and make some money. - davesawyer, on 10/12/2007, -1/+7Just what is a "contributing user" anyway? There have been plenty of times I've seen an article to submit to digg, but after a quick search, I realize someone has beat me to the punch. And, as someone mentioned earlier, I don't want to get busted by the Dupe Police. I think I'm a contributing user because I digg articles I like and bury ones that deserve it. Not everyone can submit.
- godmstr, on 10/12/2007, -3/+9Can you imagion the dupe police on that one
DUPE NO DIG would be the only words spoken for decades - somerandomnerd, on 10/12/2007, -1/+7What the hell- I'll take a dozen.
They'd make good christmas presents.
"Oh wow- just what I always wanted. An angry geek!" - k3n85, on 10/12/2007, -1/+6I'll donate to TPB before I do myspace ... why else would these services charge nothing if they weren't making money?
- chriskzoo, on 10/12/2007, -2/+7>The problem is that they can't comprehend that not *everything* revolves
>around "HOW CAN I MAKE MORE MONEY?!?!??????? NEED MONEY!!!!!"
Actually, in a business, it basically does - otherwise you go out of business. Digg could not survive if it didn't make money and Kevin would sell it right now if he didn't think he could sell it for more money sometime in the fiture. So yes, it essentially is about "more money." - HMTKSteve, on 10/12/2007, -0/+5Democracy is just a $5 word for "mob rule"
- ryanryanryan, on 10/12/2007, -0/+5Digg is venture capital backed... at some point they have to make money and pay those investors. Whether Digg is "about" money or not, its investors certainly are.
- myrm, on 10/12/2007, -0/+5$2 is an excellent per user revenue stream for these sites. The fact of the matter is it will not cost $2/user to operate these websites, so at $2 head for users to consume the content there isn't a problem. It would be more problematic if all the content was produced by all the users and consumed by only a handful, the revenue is in the consumption of content, not the production.
I find all of these arguments about user generated content being generated by few and consumed by many problematic a bit bizarre. The real issue here, and the aspect of these sites that is changing the content production landscape is how many new people are actually producing content. 35,000 new videos a day, when in history have we been able to see 35,000 new bits of content so quickly and easily every day? When have social networking news sites allowed the intelligence (or stupidity) of the masses to dictate the news that is important. Content production and consumption is slowly but surely becoming decentralized and that can only be good for the industry and consumers (in both the paying for and literally consuming the content senses of the word)
Nothing to see here, ignore the FUD and keep watching the videos, reading the user news and trying to get laid on myspace. These sites aren't going anywhere anytime soon. - micro506, on 10/12/2007, -1/+6I'll be expecting a check in the mail.
- srg13, on 10/12/2007, -2/+7Also, its 444,809 registered users, as of two days ago. (http://krose.typepad.com/kevinrose/2006/07/calacanis.html)
- OBKenobi, on 10/12/2007, -1/+5[quote]I bet that the top contributors have LOTS of time on their hands.[/quote]
I use an army of Chinese MMORPG Gold Farmers to do my posting and submissions for me all over the internet. They really DO work for $2 a day!
Excuse me, I have to go whip one of them for slacking off.
"Keep Digging, fool! Digg!" *Crack* "Digg!" - ARamone, on 10/12/2007, -1/+5Dvorak was right (crankygeeks.com), the problem with digg.com getting so large is that no one reads all the comments, too many stories, too many comments. I heard on a podcast (wehatetech.com) that digg.com is not a democracy because non-popular thoughts get squashed, interesting concept. To be a true democracy every individual would be able to freely have their opinion heard and not buried whether it was popular or not. I understand there are some asshats out there, but that's practically impossible to completely filter. I like the digg.com system, but I think it is becoming to big to be cognitively informative. This comment for example will get a couple of diggs (probably negative). That will only solidify my point. I wish the little guy, or unpopular thought, would have a chance. End of rant.
- CosmicJustice, on 10/12/2007, -1/+5This is idiotic. Advertisers are paying for the eyeballs, they don't really care what the content is. The content is just a means of getting the eyeballs. And, if you really want to talk about freeloaders, how about the fact that slashdot, digg, netscape, et. al. do not create any content. They just leach off of the content creators by linking to to them.
- johanm, on 10/12/2007, -0/+4$2 eh? that means im worth more here than at my job.
- bkemper, on 10/12/2007, -4/+8Like their 12 what? Like their 12 children? That's a big family. Ooooohhhh, maybe you mean "like they're 12", as in "like they are 12 years old"!
- LLXerxes, on 10/12/2007, -1/+4If they charged money to use sites, MySpace would go out of business because all the 14 year old emo kids aren't allowed to use mommy's credit card. :(
- choice, on 10/12/2007, -0/+3I guess that gives the ten percent of users who are chicks free reign to rake in the cash. I'll go for that.
- Murdats, on 10/12/2007, -1/+4just look at non internet business
whats the ratio of fast food business to total consumers, im guessing its nowhere near 1:1, the logic of this article is retarded - projektmayhem, on 10/12/2007, -0/+3if i'm worth $2 here on digg, how much am i worth on netscape?
probably nothing... digg has users :| - NJank, on 10/12/2007, -0/+3yeah, and I hear the clickthrough numbers on the halftime commercials were really low this year.
- NJank, on 10/12/2007, -0/+3"$1.99, are you out of your mind?!?!"
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