August 4, 2006
@ 07:55 PM

Jason Fried over at the Signal vs. Noise blog has an entry entitled Don’t believe BusinessWeek’s bubble-math where he writes

This week’s BusinessWeek cover story features a beaming Kevin Rose from Digg. Across his chest it says “How this kid made $60 million in 18 months.” Wow, now that sounds like a great success story.

Too bad it’s a blatent lie. BusinessWeek knows it. They prove it themselves in the article:

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.

$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 (we’ll get to that in a minute).

I can't believe BusinessWeek ran such a misleading cover story. I guess sensational, fact-less headlines aren't just for the supermarket tabloids these days.


 

Saturday, August 5, 2006 4:02:39 AM (GMT Daylight Time, UTC+01:00)
In "Microsoft, Design guru" [1], BusinessWeek claimed Microsoft had 20 designers work 18 months to develop a design toolkit for PC OEMs, a fact that was the butt of much ridicule in the comments to the article. Turns out there were 1.5 resources working on it.

[1] http://www.businessweek.com/technology/content/jul2006/tc20060726_652632.htm?chan=technology_technology+index+page_today%27s+top+stories
Sunday, August 6, 2006 10:45:12 PM (GMT Daylight Time, UTC+01:00)
For some reason I can't find this story listed on digg.com. I wonder why? :)
Friday, August 18, 2006 9:26:02 PM (GMT Daylight Time, UTC+01:00)
It was a surprise to see Kevin Rose on the cover of Business Week. However, if was even more of a shock to see him on the cover of People Magazine<, just a week after Lance Bass was featured... http://www.baytzim.com/digg/

(BTW: Talk about not finding these stories on Digg, Digg CANCELLED my accound when I posted a link to the People Magazine Cover....yet they'll allow endless un-funny jokes about Microsoft, etc.)
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