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Posts Tagged ‘money’

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Does anyone really care about Digg anymore? It seems like I’ve asked that question before and now it appears that Digg’s original founder is asking himself that same question. I’m guessing he didn’t like the answer, because CEO Jay Adelson is out the door and Kevin Rose will once again assume the reigns of the social bookmarking site. If you go by Adelson’s internal email… Got some news. After five years, forty million users, and an amazing ride, I’ve decided to step down as CEO of Dig…The entrepreneurial calling is strong… …you get the picture that he’s just ready to move on to something new. Whether you buy that or not will depend on whether you believe Digg is still a fresh and exciting company or mature and boring. Personally, I think it has the potential to be both at this point, so I’m not inclined to believe Adelson’s motives. I’m more inclined to believe that the “entrepreneurial calling” was more like a megaphone placed to the side of his head with Rose shouting, “get out, get out, get out!” Indeed, both the New York Times and TechCrunch seem to support the theory that all wasn’t well at Digg HQ. People with knowledge of the situation, who asked to remain anonymous because of its sensitivity, said Mr. Adelson’s departure was partly due to frustration among the venture capitalists who have invested $40 million in the company but have yet to see a return. And.. …one ominous conversation I had with Kevin Rose a couple of months later stuck with me. “One of us will leave the company,” he told me, venting some frustration he had with Jay… With a new design and new ads close to launch, this is a critical time for Digg. If I were a betting man, my money would not be on any huge comeback from the company. I believe Digg’s had its day and simply didn’t stay current enough. The way we share news has changed (Twitter, Facebook), the way we get traffic to our web sites has changed (Twitter, Facebook), and we’ve changed our focus from quick-hit, transient traffic, to long-term engaged audiences (Twitter, Facebook). The next few months will either prove me right or wrong.

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Can Kevin Rose Get Digg Out of the Hole Dug By Departing CEO?

Some analyst predicts that Apple will build its own search engine and the soundbite feeds the blogging community for a week! We’re also going to jump in–hey we have bills to pay too–but our take is a little different. First the prediction: We believe Apple could utilize data unavailable to Google, data generated by the company’s App Store, to create a mobile centric search engine, which would be a unique offering to Google’s search engine…We believe the odds of Apple developing a search engine in the next five years are 70%… OK, first of all. Just because someone says “search engine” you shouldn’t immediately think of a web search engine such as Google. Second. It’s quite plausible for Apple to build a search engine for the thousands of iPhone/iPad apps in iTunes. Heck, I don’t think it’s going to take 5 years–maybe as little as 5 months! Lastly, Apple already has an abundance of search engine technology . If you own a Mac, you’re familiar with the power of Spotlight search, right? Use iTunes? There’s a search engine baked into that. Heck, just head to Apple’s support site and you’ll find a pretty cool search engine. Still, predicting something that Apple already has doesn’t get you talked about by bloggers. Leaving it up to interpretation–that’s where the money is!

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Apple to Build a Search Engine? This Just In: Apple Has a Search Engine!

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