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I’ve written about Megite before and they’ve recently released both a 2.0 version and a video site. The video section is something I have been looking for awhile and is a very promising niche. YouTube and other sites are great but there is really a lack of organization and thus, I watch a lot of videos that I really don’t want to watch.

Megite Video is taking the first step in organizing video along the same lines as it organizes its news content - based on popularity. So if you want to check out the most talked about videos on the web in one sitting, check out Megite Video.

Megite 2.0, which was released about a month ago, has several enhancements. From Matthew (via Google Talk chat):

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Matthew: We launch Megite 2.0 with new features and significant improvements.

1. New blog discovery algorithm: Megite introduces the new blog auto discovery algorithm. So not only the A-list bloggers, other bloggers can be the sources to Megite. This improves the coverage and inclusive of Megite.

2. Better Ranking algorithm: Megite introduces the blog quality importance evaluation metrics and improves the the ranking algorithm by combining the blog importance, content relevance, linkage info, freshness, user feedback, and more.

3. Better Clustering algorithm: Clustering algorithm is used to group the posts about the same topic under the same thread.

4. Better Thumbnail image extraction algorithm.

5. Cache thumbnail images on Megite server.

6. Crawling infrastructure improvement that helps us to update more frequently and process more verticals.

7. Better title and description extraction algorithm.

8. More verticals are covered: Entertainment, Science, Food, Fashion, Chinese IT, etc.

9. Megite River of News by crowdsourcing.

10. Refresh main channels in less than half an hour

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Excellent work Matthew. You have replaced Techmeme as my one stop news shop for knowing what’s happening now in business and technology. The video section is a bonus! Another cool feature Matthew mentioned is their River of News which, from their site, ‘is a constant flow of what’s new and interesting by crowdsourcing’. Just sit back and watch the news roll in.

(Disclosure: We designed Megite)

Tags: Megite, Memetracker, Techmeme, Newsriver, River of News, Video, Youtube, Tracker, Web

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