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From the FAQ:

We want to be financially responsible and come up with some way to keep this site running. As you've likely noticed, relevent contextual ads from Google make an appearance on each of our pages.

Also, taking a page from the excellent StackOverflow's book, we also rewrite links to certain sites and append our affiliate ID. It's our hope that the combination of these two solutions will be the least intrusive way to cover the costs of providing this site as a resource for our users.

http://www.hoarde.rs/about/

Their revenue model is: (A) one AdSense ad per page, and (B) rewriting URLs to append their own affiliate link (if an affiliate code does not currently exist).

For the record, Delicious alternative Pinboard also has a revenue model, whereby they charge each new user a certain amount, and then also have a premium offering whereby bookmarked links are archived.

Heh, yeah, I saw the title and thought this was a post about us.

I would strongly encourage all our competitors to adopt this elegant business model.

Actually it looks very bad, feels clunky and the revenue model is idiotic with a passion.
All of the links feel ridiculously huge. I thought we got past this whole Web 2.0 thing?