Pete Cashmore of Mashable on Bloomberg News

Pete Cashmore launched a blog called Mashable from his home in Scotland in 2005.  You may have seen the articles from the site in the links from time to time. Well, this happens to be the number 1 social media-focused blog on the Internet, usurping prior leader TechCrunch’s position. Cashmore’s site gets 10 million page views a month and is highly profitable. His Twitter page has 1.6 million followers and rising.

In the video below, he talks to Bloomberg about his take on social media, blogging and the Internet. He sees the web as a meritocracy where anyone who has something valuable to say can succeed if they work hard at it.  New media like blogs are more interactive and democratic and provide a better sense of community than traditional media outlets. Well said, Pete.