When Valleywag launched I thought of it much the same as I think of InTouch and other magazines that report on celebrity lifestyles as news (”interesting, but is this really news?”). Unfortunately, Valleywag must be scraping from the bottom of the barrel as they clearly are starting to report lies and falsities.

In TechCrunch Stock Watch, Valleywag insinuates that TechCrunch’s Mike Arrington is holding out on his reporting to watch his AlexaDex profile gain footing, without competition from the rest of the players. Unfortunately, Mike reported on Ning.com’s new features two days ago, giving AlexaDex players two days to prepare their Ning.com stock purchases. Valleywag even linked to Mike’s post in the same article they accuse him of not speaking up!

Valleywag’s an interesting read when you are bored, but just like the National Enquirer - don’t buy a copy, just read the copy left on the crapper.