In August 2011, during the peak of riots in London, I noticed that baseball bat sales on Amazon.co.uk had increased by 5000%. After posting this link to Hacker News, I got to taste what it’s like to be behind something that goes viral. Those 2 hours and 12 minutes taught me a lot that I’m still thinking about. The following write-up expands on a concept I wrote about in an earlier post.
A New Type of Market
In a previous post I wrote about when I discovered how to leverage market inequalities. Over the years, I’ve noticed some other cases where the same logic could be used, in a different context. If you change the premise of the logic a bit and expand on what a ‘market’ can be, you can apply it to information streams. If virtual currency is the means in the virtual market, information is the means for data streams. Hacker News, Twitter, and Reddit are all examples of information rich data streams. Like in WoW, catching the differences between multiple markets (streams) means you can ‘profit’ from them.
London Riots
In early August, 2011, a Police shooting happened in London, England that lead to rioting in the streets. Initially, protests were held as many people were upset over the event. It shortly became a problem, however as the once peaceful march converted into a rioting affair that would last the next four days.
For the unfamiliar, Gun politics in the United Kingdom are very different than in the United States. It’s much harder to get a gun license in the UK, and far fewer people in general own and use guns.
Market Number One
About midway though the affair, I was monitoring my twitter feed and noticed a tweet about an Amazon.co.uk page which showed the trending purchases from the Sports & Leisure section of Amazon’s marketplace. I found this super interesting because the top listings on on the UK version of Amazon included an Aluminum Baseball Bat that was up over 5000% in sales, and a “Military Police Telescopic Tonfa” (similar to a nightstick or baton) up a large percentage of sales. If you you live in the UK, don’t own a gun, and want to protect yourself or wreck havoc during the riots, why not buy a baton or bat to protect yourself? At least this seemed to the the logic of Amazon customers during the riots.
Market Number Two
Hacker News is both a news website and discussion board, created by YCombinator, and it is heavily moderated and built by Hackers for Hackers. The posting guidelines explain that good posts on HN involve “Anything that good hackers would find interesting” and “anything that gratifies one’s intellectual curiosity”. There was already a lot of talk on HN around the Riots during the time. Cross posting seemed to be the next step for me. I knew that it would probably get some buzz from HN as the implications of the page were pretty controversial.
Outcome
Over the next 2 hours after I posted the link to HN, a couple of things happened. It inadvertently made it to the front page, and quickly became the top post on Hacker News. Most popular links make it to a hundred or so upvotes, and then the buzz slowly dies off. This post ended up getting 465 votes over the next few days. It stayed in the #1 spot for the majority of the day on Hacker News.
The next thing that happened was that Hacker News started to slow way down. This isn’t a particularly normal occurrence. HN is used to seeing a decent amount of traffic as it is ranked just over 1,000 for websites receiving the most traffic in the US.
Paul Graham, one of the founders of YC ended up posting about what happened later that day. Basically, multiple media companies picked up the story from Hacker News and published a blurb about it. Some of them linked to HN, along with Amazon.co.uk. Hacker News received a huge influx of new visitors, many of which weren’t HN users in the first place.
The traffic spike basically made HN inaccessible for awhile. Paul Graham fixed this by adding pagination on the comments page for the Amazon post so that the HN servers would be fulfilling less load requests at a time.
Thoughts
It’s such a strange feeling, knowing that you “made a dent” in the internet. This was essentially my “profit” from the ordeal. Seeing the buzz along with the nerd credit of a 450+ upvoted post on Hacker News was equally interesting and distracting, to say the least.