Quote
There is one clear lesson from Digg’s sale: the technology that powered a once-massive social network is worth about $500,000. All the rest of the value derives from the people that use it. Though scaling is tough, any developer in the world can build some profiles and let people connect up. It’s an act of genius — or an act of God, by which I mean luck — to design a site constitution that makes people want to build their online lives at your URL (or in your app). Social networking companies are not technology companies as much as they are community companies.
—The Big Digg Lesson: A Social Network Is Worth Precisely as Much as Its Community (via courtenaybird)

(via emergentfutures)

Notes:

  1. peterwatts reblogged this from daslee
  2. daslee reblogged this from emergentfutures
  3. thehardslog reblogged this from emergentfutures
  4. madcapitalist reblogged this from emergentfutures
  5. codeit reblogged this from emergentfutures
  6. vanzelst reblogged this from emergentfutures
  7. deepfriedsex reblogged this from emergentfutures
  8. suns-of-liberty reblogged this from futuristlab
  9. futuristlab reblogged this from emergentfutures
  10. chazspalace reblogged this from emergentfutures
  11. subatomicdoc reblogged this from emergentfutures
  12. emergentfutures reblogged this from courtenaybird
  13. ahandsomestark reblogged this from courtenaybird
  14. justbeingseriouslysocial reblogged this from courtenaybird
  15. emmyfs reblogged this from courtenaybird
  16. gerikfurlan reblogged this from courtenaybird
  17. This was featured in #Tech
  18. ksdwong reblogged this from courtenaybird
  19. portentinc said: Was Digg actually sold for $500,000? There seems to be some debate.
  20. oetjim reblogged this from courtenaybird
  21. courtenaybird posted this