I've got much respect for Jason Calacanis and his "This week in startups" Youtube channel, but I don't see how this benefits the contributors. Half a million donations and the users don't reap the dividends of investment, or earn an interest in the site?
Either the site should be sold as an investment so someone gets a real financial interest, or someone should just make "newhackaday.com" as a non-profit and move everyone over there.