Digg sold for 'pocket change', $500k

Andem

Andem

dev
Mar 24, 2002
5,643
128
63
Larnaka
NEW YORK (CNNMoney) -- Social news aggregator Digg was one of the hottest Internet brands a few short years ago. But now, post-decline, it's been sold to Betaworks for a reportedly paltry sum.

Both Digg and Betaworks confirmed the buyout in blog posts. Financial terms weren't disclosed, but the Wall Street Journal pegged the price tag at just $500,000.

That's mere pennies compared to the $60 million that BusinessWeek magazine said Digg was worth, in a splashy 2006 cover story featuring young co-founder Kevin Rose.

Neither Digg nor Betaworks immediately replied to requests for comment.

Digg, founded in 2004, lets users submit links and either "upvote" or "downvote" other submissions. Digg quickly amassed a strong following, and it grew so popular that some sites crashed from the traffic firehose.

Reports in 2008 said Google (GOOG, Fortune 500) was in talks to buy Digg for $200 million, but ended up pulling the plug on the deal.

As with many hotter-than-hot sites, Digg's reign didn't last forever. Users began to complain about a litany of issues, including that certain submitters were gaming the voting system and that the commenting sections had devolved.
Click to expand...
Digg sold to Betaworks for pocket change, after slow decline - Jul. 12, 2012

I remember a few years ago that site had a huge community and some really interesting stuff on the front page. They redesigned, completely revamped and after ignoring the wishes of their core userbase, lost most of their membership.

Kevin Rose, the founder of Digg, stated to the membership that it was 'impossible' to revert back to the old version.

I don't know what planet he lives on, but I could revert CC back to the era of 2002 if I wanted to. I have it stored on backup servers and blu-ray and DVD discs. Any big site has backups.

*sigh*
 
CDNBear

CDNBear

Custom Troll
Sep 24, 2006
43,839
207
63
Ontario
Neat OP Andem... But since you brought up 'reverting'. I was wondering if we could have the thumbs up back on OP's?
 
Andem

Andem

dev
Mar 24, 2002
5,643
128
63
Larnaka
Well thanks :)

If you wanted a feature back, just PM me*.

* I'm very busy working on a new site**, so my time is limited.
** It's actually a revised, international version of CC Tech.
 
SLM

SLM

The Velvet Hammer
Mar 5, 2011
29,151
3
36
London, Ontario
CDNBear said:
I don't always want to, or feel the need to reply, but I do like letting people know, their efforts aren't being ignored. Especially if no one replies.
Click to expand...

I agree, sometimes I just don't have something to add to the thread right away. I might come back to something later after I've had a chance to think about it. But it's something I've long wanted to be able to do, to acknowledge that I've read it and appreciated it.

Again, very cool. Thanks Andem! :)
 
Andem

Andem

dev
Mar 24, 2002
5,643
128
63
Larnaka
CDNBear said:
You should be proud to, of all the Canadian sites, it's the only one that isn't gaudy and full of ads.

Hmmm, ... ... German porn?

Click to expand...
Available on thepiratebay. Next...

Add: Some people I've met insist it should be red and white. While I love the flag, a web site with that colour scheme is gaudy and ugly.
 
SLM

SLM

The Velvet Hammer
Mar 5, 2011
29,151
3
36
London, Ontario
Andem said:
Available on thepiratebay. Next...
Click to expand...

Bear's already got all the pertinent links bookmarked, annotated... Lol

Add: Some people I've met insist it should be red and white. While I love the flag, a web site with that colour scheme is gaudy and ugly.
Click to expand...

If I'm not mistaken, that topic has come up before here.

For what it's worth I'd vote no to that. I like the colour scheme, it's a colourful but a subtle/calm background.

Just my two cents.
 
You must log in or register to reply here.
Top Bottom