• more about

    #valleywag

    Did Yelp's Star Banker George Boutros Just Screw Up The Google Deal?

    Yelp Balks at Google Cash

    Preparing for the Worst

    read more: #valleywag

    The trajectory of a social news site

    These social news sites such as Digg, with their armies of citizen journalists, will sweep all media before them. Right? Uh, actually, the pioneer of participatory media, a Korean site called Ohmynews, has stalled. In 2003, when articles about the future of news still seemed fresh, Wired magazine gushed that the Asian guerrilla news operation pulled an astonishing 2 million daily readers. By now the audience must include the country's entire web population. Not so much. Ohmynews gets 800,000 unique visitors a day, according to an estimate given the San Francisco Chronicle, which concludes: "It faces growing competition in South Korea, has failed to catch fire beyond its borders and, most important, has lost its luster as the must-read, latest new thing."


    Contact information for this author is not available.