From the wisdom of the crowds to the fury of the crowds. The digg saga has clearly exposed the plight of social media companies. It has turned from empowering the users to surrendering to the users. If you are someone who believe in the control of the users, you will consider this incident as a major victory. If you are a company running a social media website, you will be scared to death. Probably, the editors at the New York Times are smiling at Mike Arrington now. Whichever side you are on, this Digg moment is going to define the direction of the social media in the future. Whether it is good or bad depends on the side you are taking in this debate. This is definitely one of those defining moments in the history of Web 2.0 (whatever this term means).
May 02
