The Lessons For Facebook, Twitter And Reddit In Digg's Demise
forbes.com
forbes.com
Facebook and Twitter have leverage: their content is user-generated, and cannot be found elsewhere, this combined with their social graphs make it so if you switched you will not be seeing content from a majority of the people you know or care about any longer. Marketplaces like eBay and Craigslist have enormous leverage: eBay can push out a feature that pisses off 100% of their sellers, but sellers go where the buyers are, and the buyers are on eBay. Google has leverage over its advertisers for the same reason, though it's hard to think of how Google has leverage over its main audience, which is a testament to their cautiousness when messing with the search engine (at least until recently!)
I think this aspect is lost when you have sites like TechCrunch telling product people to just forge ahead and break stuff. Break stuff, sure, but remember that when Facebook break things and users eventually come crawling back, its certainly not due to loyalty or warm-fuzzy feelings but due to leverage. Do you have that kind of leverage?
I think that power users (the bad ones) were the root cause of Digg's demise as they pushed bad content to the home page and forced the company to impose more restrictions and limit communication (collaboration) channels.
On the other hand, Reddit reduced the potential reward for gaming the system by 1. dividing the community into smaller subreddits, 2. Allowing down votes, and 3. varying the time a link stays on the home page based on user feedback. They did many other things better as well, but these stand out as important differences that allowed reddit to control the spam problem better and keeping the communities interesting.
It would've been a fairly worthless currency if not for the blogspam networks like Gizmodo, Engadget, Tech Crunch, Mashable, Cracked, Life Hacker, etc. that sprung up to funnel Digg's firehose of users on to ad-laden pages.
While no system would be perfect, Digg's made it excessively easy to game (maliciously or otherwise) and the content of submissions soon became almost irrelevant compared to who was submitting it.
In a sense, a stock exchange is also a sort of social network. Curious thought, that.
Instead, they kept tweaking their design and algorithms until I got annoyed and left.