6,552 karma · joined September 24, 2010
"After a controversial 2010 redesign and the departure of co-founders Jay Adelson and Kevin Rose, in July 2012 Digg was sold in three parts: the Digg brand, website, and technology were sold to Betaworks for an estimated $500,000;[9] 15 staff were transferred to The Washington Post Company's "SocialCode" for a reported $12 million; and a suite of patents was sold to LinkedIn for about $4 million."
Conferences are about community, networking, business development, increasing personal status (which explains the meltdowns mentioned in the article), and sometimes just simply getting away from work and being social while enjoying life.
This is why online events really are very much subpar experiences to real-world, in-person gatherings. Online events fill their roles as well, but they tend to be more of the education-oriented stuff that I guess the OP is looking for. In which case, online events are just another form of online content like any other. But they aren't conferences.
Given that, is it harder to get into Harvard or YC based on admission numbers?
This is forced obsolescence in action.