Listed on BlogSharesBlogshares just went beta. It is a site where you can trade shares of blogs using fake money. The price is based on trading and a valuation of sorts is derived from links weighted by how valuable the links are. (Kind of like google page rank.) This price/value spread is sort of a P/E. Obviously, this fuels the "popularity content" aspect of blogging. Having said that, it's fun. I wish I could short sell blogs. ;-) It will be interesting to see whether the blog prices predict new popular blogs accurately since people should buy blogs that are new and cool but people don't know about yet.

11 Comments

What I told the guy to watch out for is the systems for valuation for websites. HSX has about 2 dozen patents on this sort of thing. All I care about is that I'm kicking Winers ass :-)

The $1000 threshold for automatic IPOs will probably prevent BlogShares from becoming a useful tool for predicting popular new blogs.

>>All I care about is that I'm kicking Winers ass :-)

> The $1000 threshold for automatic IPOs will probably prevent BlogShares from becoming a useful tool for predicting popular new blogs.

I think that limit puts a low-level for the radar but you can still do some interesting trend spotting.

e.g. the "Dear Raed" weblog popped on there at the beginning at a fairly low value but recently it jumped up the ranks very rapidly.

At one point it was the #1 non service tool blog (i.e. not Movable Type etc.) and now it seems to have been overtaken by others.

Now with people speculating earlier it could have been obvious it had potential.

Anyway, I'm working on giving as many different perspectives as possible to highlight blogs that don't normally get highlighted.

Any suggestions in this regard would be welcome...

(Now back to coding...)

Bring it on buddy! Bring it on :-)

While these things are certainly fun and give us a way to gauge popularity of sites, does anyone else think that the whole thing might be a bad idea in the long run?
What happens when a site on the fringe of popularity starts to 'karma whore' just to gain a better ranking?
I'd hate to see blogs go the way of network television, where they are tailoring their entries for some percieved popular ideal, rather than honest thought and personal insight.
My site, while not popular or important, is a fair reflection of what I am doing or thinking about or reading, even when I know it won't be interesting or popular with my reader(s). (Lately, I seem to get more hate entries than supportive posts, but it doesn't bother me much.)
What I've come to love about weblogs is the honesty - I'd hate to see that become a casualty of the popularity contests.

Cheers,
Jim

I'm with Jim.

You know what? I'm not playing anymore. Blogdex, whatever its flaws, originally had some utility.

Each successive iteration of this idea just focuses us more and more on link-whoring and meta-discussions about link-whoring and meta-meta discussions about meta discussions, and it's gotten silly.

I'm guessing v-2 is a mid-level site. With 10,000 uniques a week (and apologies for the poor taste of disclosing same), its audience is about one-one hundredth what Dive Into Mark pulls, and one hundred times what Joe Blogger's What I Did This Weekend draws. And there, roughly, it stays - itself, intact, and comfortable that way.

Everyone else that wants to is more than welcome to expend an ever greater share of their time and energy doing whatever it takes to rise to the top of Popblogdexeratishares. I'm going to focus on the craft of what it is that I set out to do originally: call attention to underreported aspects of our shared reality, make connections between people who need to know each other.

I just bought 200 shares of the Joi Ito Blog! I am so happy!!! :-)))))

Joi, why don't you put the blogshare logo onto your Japanese blog? :p

Seki-san, my Japanese site isn't popular enough to be listed on blogshare yet...

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Listed below are links to blogs that reference this entry: Blogshares - Buying and selling shares in blogs.

TrackBack URL for this entry: http://joi.ito.com/MT-4.35-en/mt-tb.cgi/645

BlogShares from Justin's Links
March 31, 2003 7:02 AM

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BlogShares from Justin's Links
March 31, 2003 7:56 AM

The profileration of ready-steady tools for making weblogs has lead to an explosion of 1) people posting reverse-chronological reflections and Read More

Some interesting points have just been brought up in Joi Ito's comments section. Jim O'Connell launches the first salvo: While these things are certainly fun and give us a way to gauge popularity of sites, does anyone else think that... Read More

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April 4, 2003 10:25 AM

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