Comment by throwawaycities
1 day ago
Digg is being relaunched - with Alexis on board.
A bunch of the early internet brands are being rebranded/relaunched which is collectively is being branded as the nostalgic internet.
Napster, Limewire, Digg, GeoCities…to name a few
> A bunch of the early internet brands are being rebranded/relaunched
More like recycled to lend credence to dubious grifts and tangential services. Digg is all-in on AI; Napster is another paid music streaming service; Limewire is another file locker and an AI cryptocurrency¹; GeoCities I’m not aware of a revival.
> which is collectively is being branded as the nostalgic internet.
Nothing about that is nostalgic or remotely related to the old internet. The names are the same and some founders may have returned, but the values and technologies are entirely different.
¹ Whatever that even means in practice. Double-dip on a pile-on of grifts, can never have too many hyped technologies!
Besides GeoCities - the rest are being relaunched by SV VCs and PE groups.
Napster was acquired and relaunched in crypto a few years ago and just resold for $100M+ to a metaverse company immediately following a new raise at a $1B+ valuation.
So yeah it’s acquiring historic IP by VC/PE to resell to friends that are using someone else’s funds. Considering the .com boom and era of publicly traded big tech giving golden parachutes to friends (buying their companies and shutting them down) - it’s very nostalgic.
Napster is so old that I remember its DMCA-compliant reboot from 20 years ago. My college gave students free access to it, all the music was a DRM'd WMA file. Most people who used it also downloaded a DRM-removal program to be able to put it on shared drives and MP3 players.
"Alexis on board" has about as much value as saying "Richard Branson is an investor". The difference in their goals now vs when they were young and hungry is in orders of magnitude. They are old, out of touch and spread too thin to do anything noteworthy in rebooting an old brand. They're lending their name for credibility, in exchange for equity and board seats.