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It's new for some. It doesn't have to be newly created content, as long as it gets people interested (which usually means that for many it is new). At least it is an unwritten rule.

With a site experiencing even the smallest exponential growth, this definition of "interesting" will cause most I the material posted to recur on a fixed schedule as the number of people who haven't seen it yet drifts above some threshold. This condition is only excaserbated by existing users leaving (which will of course happen on some other predictable curve). On Hacker News, many of us feel this schedule I currently "three months".

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