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Digg Sells Itself for Pathetic Pocketchange: $500,000

r.i.p. digg

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24 replies to this topic

#1 +Frank B.

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Posted 12 July 2012 - 20:47

Digg Sells Itself for Pathetic Pocketchange: $500,000

Which one of you rascals just bought Digg! The company, clearly in need of some new cushions for the company cafeteria, just sold itself for a mere half a million dollars. In 2008, it turned down two hundred million.

The site, which once carried the massive internet clout of Reddit—able to make or break (literally) entire websites with its gigantic traffic tsunamis—was just acquired for less than it costs to buy a tiny apartment in New York. The Wall Street Journal reports that the "New York technology development firm Betaworks," which " intends to fold Digg into News.me Inc. a digital media startup that Betaworks launched in April 2011." Considering nobody knows what the hell News.me is, this is goodbye for Digg. Bye, Digg! You'll long remind us of the late 2000s, when Rihanna first captured our hearts, and you were worth actual money.

Source: Gizmodo


#2 Nomad_

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Posted 12 July 2012 - 20:52

Digg Is not worth the $500,000

#3 ahhell

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Posted 12 July 2012 - 20:54

AHAHAHAHAHA

There's a good example of the stupidest management team of all time.

#4 Timan

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Posted 12 July 2012 - 20:57

Digg Is not worth the $500,000



Site still gets insane amounts of traffic.

#5 Navan

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Posted 12 July 2012 - 20:59

Wow. Down from 200 to just half a million. Man, that's gotta hurt so bad.

#6 Jason Stillion

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Posted 12 July 2012 - 20:59

Remember, another company acquire all the tech team that made digg, the only thing now is a shell.

#7 Mark

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Posted 12 July 2012 - 21:01

It's not surprising considering even the top story at the moment currently has less than 300 diggs.

Does reddit have the same issue that digg had with "power users"?

What made digg worse imo is that it actually promoted a system that allowed a few users to dominate the site.

#8 Miuku.

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Posted 12 July 2012 - 21:07

Even at a dollar, it would still be better than Reddit - at least it doesn't look like it was designed in 1985.

#9 dr_crabman

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Posted 12 July 2012 - 21:17

digg? I remember that I visited them frequently in... 2005? But it got worse and worse even before the now infamous big redesign and I jumped ship to reddit. As did almost everyone it seems. Can't say I feel sorry for them, if Kevin Rose was representative it went from quite charming and funny to douchebag-central very fast.

#10 ccoltmanm

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Posted 12 July 2012 - 21:25

Site still gets insane amounts of traffic.


No, it doesn't. I stopped going when it went super liberal. Every posting was a bashing of Republicans.

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#11 Hum

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Posted 12 July 2012 - 21:31

Well, I had a few bucks laying around ... :shifty:

#12 The King of GnG

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Posted 12 July 2012 - 21:36

So long, digg, and thanks for all... Whatever...

#13 Mark

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Posted 12 July 2012 - 21:42

Would Digg have stayed stronger if it stayed tech only?

#14 Detection

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Posted 12 July 2012 - 21:45

I'd have hung onto it and tried my damnedest to pull it back to as close to $200m as I could

#15 Charisma

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Posted 12 July 2012 - 21:46

I'd have hung onto it and tried my damnedest to pull it back to as close to $200m as I could

Yeah, I don't think that was ever going to happen.