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How is this any different from those sites that scrape content from Stack Overflow and Wikipedia and slap ads on it? I realize that reblogs are a legitimate part of Tumblr, but most blogs create at least some original content.

it's not different. It was built to flip. It's getting harder, and harder to compete against the big social network, since everyone wants content to be pushed to them. So no one goes directly to web sites anymore.

So I build sites to flip, and around fads.

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