Before the world of the world wide web and blogs we were used to the old school way of news....Those newspapers where editors choose the frontpage stories, pictures, and layout were what everyone was used to....Those were the old days...Today along with the internet news has changed thanks in part to a site called DIGG...This site used internet users as the editors putting the news the viewers say is most important on the front page...What makes this site even more amazing is the fact digg doesnt even publish the news the website relies on the same internet users to put the news on there site from other news sites....How rich is this new form of news people may ask?..People value DIGG is worth over 300 million dollars...
Blogs and internet posting have come along way in forms of being found easier....In the book Naked Conversations a good example is raised...Kids going to camp all wearing the same type of clothing need a way to be found easier...So there parents put a name tag inside it...Thats the same kind of thing used on a blog...So many blogs will talk about the same thing dirrectly or indirectly so making a way to find your blog easier is a must...This is wear tags come along by taging your blog by jkeywords its now easier for your blog to be found...
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An interesting thing about Digg is that they have a valuation of somewhere between 200 - 300 million; there's even been rumors of potential buyouts/acquistions but nothing has happened as of yet. It's questionable if Digg has been profitable yet; there's alot of speculation that they haven't been, or if so, it's been minimal. The most valuable thing they have, however (and what's responsible for the inflated valuation) is their huge user base and extremely high amount of traffic, which, if monetized correctly, could translate into very large earnings.
Another thought: if websites like Digg continue to pop up and take business away from "real" newspapers and news sites, what would happen to Digg if it drove them out of business? What if they started to charge Digg for the articles or could Digg be so popular that it could charge the company for "advertising" the articles on the website?
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