Geeknet (LNUX) Insiders dumpiing shares ahead of q3 numbers...while accepting substantial stock bonuses for non-performance and sustained shareholder value destruction. [more]
Geeknet (LNUX) Smoking Guns or An Open Letter to the Geeknet (LNUX) Management and Board of Directors.
1. Geeknet (LNUX) numbers continue to disappoint. [more]
"...The recommendation site that trailblazed a new generation of sites saw an abrupt drop in unique visitors in April. A blip or a trend? And what can Kevin Rose do about it, if anything? (Updated)...Back in January 2006 we asked "Will Slashdot be overtaken by Digg?" The idea at the time that the venerable "news for nerds" site could be surpassed in popularity by a two-year-old site didn't seem tenable - until you looked at the numbers. Those showed that Digg was rushing up on Slashdot - and later that year it passed it for pageviews and unique users.
But now something's happening at Digg. Data from Compete.com - image above - shows that after ticking along at about 37m (and as many as 44m) unique visitors for the past year or so, user numbers have fallen off a cliff - from 38m in March to 24.7m in April. That's a 35% drop, and below the 26m it was claiming back in June 2008 when we interviewed Kevin Rose, Digg's founder.
That means that it's close to falling below Twitter (the orange line on the graph), though it's far above long-term rival reddit, also shown on the graph (the green line). (Reddit is now owned by Conde Nast.)
What's happened? Is it just a blip? Something odd in the way Compete collects data? Since Twitter and Reddit don't show comparable changes, that's probably not it. (Comparing it against Facebook for the same period doesn't show a comparable rise in Facebook users. So they haven't gone there.) (Update:: see the end of the post: we think we've found them. Quite possibly they were never regular Digg users.)
Digg is trying to change - perhaps in response to those frankly scary numbers. In a video released on Friday 28 May, Rose showed a preview of how you can "follow your favourite accounts" where you can follow "My News" which shows stories that have been dugg by your friends and their comments. [more]
After April 1 the speculation was rampant about ThinkGeek's iCade April Fool's product. [more]