Mario Sundar

LinkedIn's 2nd PR hire. These are my thoughts on products, public relations, and startups.

Blogosphere Smackdown – Aug 06

Well, it’s here already. The Blogosphere Smackdown of the month between traditional journalists (who sensationalize) and bloggers (who question that)… and this smackdown involved Digg too. So, here are the juicy details:

The Business Week Smackdown
Contenders: Journalists vs. Bloggers
Time Frame: In Progress

Summary:

At 29, Rose (read Kevin Rose — Digg) was on his way either to a cool $60 million or to total failure. So far, Digg is breaking even on an estimated $3 million annually in revenues. Nonetheless, people in the know say Digg is easily worth $200 million Business Week

Business Week Cover: “How this kid made $60 million in 18 months.”

$3 million in revenues and they’re breaking even. That means no meaningful profits. That’s the first hint no one has made $60,000,000. Their gross revenues aren’t even anywhere close to that number. And let’s leave out the “people in the know say it’s easily worth” fantasy numbers. And certainly don’t use those numbers to do the math that makes the cover Jason Fried

There is a word for this kind of business journalism, and it is: awful. The reader has no idea who these “people in the know” are; they could easily be people associated with the company who have an interest in inflating its worth Scott Rosenberg

If you like web celebrity smackdowns check out my earlier piece: Top 5 Blogosphere Smackdowns.

Filed under: Business Blogging

One Response

  1. Wired News copies Marketing Nirvana!

    Well — or great minds think alike, either way, I’m thrilled!
    Wired News, one of my favorite tech websites, had a post yesterday on the Best Blogfights of 2006 (via Steve Rubel) which seems a close adaptation of two posts I wrote last year:

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s