An excerpt from Newsweek article, "Is User Generated Content Out?...Last summer researchers in Palo Alto, Calif., uncovered secret elitism at Wikipedia when they found that 1 percent of the reference site's users make more than 50 percent of its edits. Perhaps more notoriously, four years ago a computer glitch revealed that Amazon.com's customer-written book reviews are often written by the book's author or a shill for the publisher.
"The wisdom of the crowds has peaked," says Calacanis. "Web 3.0 is taking what we've built in Web 2.0—the wisdom of the crowds—and putting an editorial layer on it of truly talented, compensated people to make the product more trusted and refined."
Weekend Chatterbo Question: What makes a blogger reputable? Or does it matter?
