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Once a Social Media Star, Digg Sells for $500,000
http://online.wsj.com/article/SB10001424052702304373804577523181002565776.html?mod=wsj_share_tweet
Digg Inc., a social-media pioneer once valued at more than $160 million, is selling for the deeply discounted price of about $500,000, three people familiar with the matter said.
While Betaworks is at it, would they like to acquire MaxiBill? http://maxibill.com/
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Comments
LOL.
Reddit does pretty much the same thing right?
Always thought they should've sold while they were ahead. I guess Kevin did get a big payout in terms of the recognition, but I don't really know what kind of monetary gain he ever saw from any of that. When I saw him introduce Yoink, I knew it was over for him. Digg was the greatest thing he ever did, it'll stay that way.
@jarland
true that.
Kevin got a majority out earlier and looking at his portfolio I doubt he is hurting. Though I am sure they had offers over that figure.
Uhhh. PHENOMENON
@FTN_Kevin
It looks to be 16mn not the 500k you said.
http://techcrunch.com/2012/07/12/digg-sold-to-linkedin-and-the-washington-post-and-betaworks/
@liam - details?
16m is still sad considering they could have cashed out for 200m with google.
@Kairus It was Google that didn't want to go through with the deal because they thought they could do it themselves. A while later, Google launched Buzz which ended up being a failure.