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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

#16 Mark

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Posted 12 July 2012 - 21:49

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


Having said that, it's not as though they've really tried to do anything to get people back using the site. It's been as is for ages now.


#17 Charisma

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Posted 12 July 2012 - 21:50

Having said that, it's not as though they've really tried to do anything to get people back using the site. It's been as is for ages now.

True. You'd think even a little effort would have brought it up to more than $500K.

#18 Rudy

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Posted 12 July 2012 - 23:17

That's $500,000 too much :/

#19 Glassed Silver

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Posted 12 July 2012 - 23:19

Wouldn't even want it for nothing roflmao...
Just like Myspace...

Don't buy a sinking ship, because whatever you pay for it, you won't ever get it back, the money slowly sinks to the ground of the wild sea of realities...

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#20 Enron

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Posted 12 July 2012 - 23:24

Digg used to be pretty neat, then it got taken over by a bunch of political extremists. I stopped going there, but didn't know it basically died since then.

#21 Growled

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Posted 12 July 2012 - 23:30

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


Sounds like another site I know. :p

Digg is not worth even what it sold for.

#22 The King of GnG

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Posted 13 July 2012 - 09:22

Digg used to be pretty neat, then it got taken over by a bunch of political extremists. I stopped going there, but didn't know it basically died since then.


OMG, you killed Digg! :-P

#23 Boz

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Posted 13 July 2012 - 09:29

It wasn't sold for $500k.. it was sold for $12 million.

Just fyi. It was sold to 3 companies. Betaworks paid $500k but that was only a part of it.

#24 Buio

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Posted 13 July 2012 - 22:19

It wasn't sold for $500k.. it was sold for $12 million.
Just fyi. It was sold to 3 companies. Betaworks paid $500k but that was only a part of it.


From the WSJ article

Digg confirmed Thursday it sold its brand, website and technology to Betaworks.

and

Digg received higher offers from bidders that included technology and publishing companies and start-ups but ultimately decided Betaworks had the best plan for reviving its brand, these people said.



#25 Steve B.

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Posted 14 July 2012 - 10:17

Topic closed due to inaccuracies with the initial article.