Geeknet Launches Feedery: A Recommendation Engine That Tailors News to Individuals
16 Novembre 2010 - 4:00PM
Geeknet (Nasdaq:GKNTD) a company with a portfolio of web sites and
web services that cater to tech-savvy people, today announced the
launch of Feedery, a new website with a recommendation engine that
tailors news to individuals.
Feedery is a collection of RSS feeds about technology,
programming, design, startups and more. Every time a user logs in,
the latest stories are pulled and sorted by a powerful
recommendation engine. The result provides users with the stories
that matter to them most.
"Instead of showing users the most popular stories by number of
votes, Feedery uses an algorithm based on their past preferences to
deliver stories that best reflect their interests. Hopefully, that
means you're not staring at LOLCATS all day long, unless, of
course, that's what you want," said Garrett Woodworth, Director of
Product for Geeknet. "Just think about getting the news you
want without sifting through hundreds of headlines and being forced
into groupthink."
In addition to providing news via a powerful recommendation
engine, Feedery has a simple threaded comment system so users can
write in their own thoughts.
The algorithm used in Feedery is inspired by the concept of
"Single Value Decomposition." This concept was the driver behind
the winning entry in the NetFlix challenge. While the algorithm is
not an implementation of "SVD" per se, the resulting data model was
inspired by it. The goal of Feedery is to recreate SVD in a
lightweight, dynamic manner to allow it to respond to the diverse
nature of the information contained in RSS feeds.
Feedery is available at feedery.com.
About Geeknet, Inc.
Geeknet is the online network for the global geek community. Our
sites include SourceForge, Slashdot, ThinkGeek, Geek.com, and
freshmeat. We serve an audience of over 48 million users each month
and provide the tech-obsessed with content, culture, connections,
commerce, and all the things that geeks crave. Want to learn more?
Check out geek.net.
The Geeknet, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7330
The Feedery logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8271
NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
are based on our current expectations, and involve risks and
uncertainties. Forward-looking statements contained herein include
statements regarding a new product for our online media
business. Actual results may differ materially from those
expressed or implied in such forward-looking statements due to
various factors, including: success in designing the new product
and our ability to generate advertising revenue associated with
this new product. Investors should consult our filings with
the Securities and Exchange Commission, sec.gov, including the risk
factors section of our Annual Report on Form 10-K for the year
ended December 31, 2009 and our quarterly report on Form 10-Q for
the period ending September 30, 2010, for further information
regarding these and other risks of our business. All
forward-looking statements included in this press release are based
upon information available to us as of the date hereof, and we do
not assume any obligations to update such statements or the reasons
why actual results could differ materially from those projected in
such statements.
Geeknet is a trademark of Geeknet,
Inc. SourceForge, Slashdot, ThinkGeek, Geek.com, and freshmeat are
trademarks of Geeknet, Inc. in the United States and other
countries.
CONTACT: Geeknet, Inc.
Press Contact:
Jeff Horning
+1 650 694-2134
jhorning@geek.net
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