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HOLY CRAP! Digg acquired by Betaworks

Discussion in 'White Hat SEO' started by Kosher1, Jul 14, 2012.

  1. Kosher1

    Kosher1 Power Member

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    Wow. When you think FB and TWITTER killed Digg and you think it's over for Digg, they get BOUGHT OUT!!

    Digg, once the darling of start-up world, has sold its brand and its Web site to the New York-based technology company Betaworks. The deal closes the final chapter on the story of Digg?s meteoric rise and ultimate decline.

    In a blog post announcing the deal, Betaworks ? which makes the popular app News.me ? said it will be returning the company to its roots.

    Full article here:

    http://mobile.washingtonpost.com/rs...by-betaworks/2012/07/13/gJQAk00khW_story.html
     
  2. oxonbeef

    oxonbeef BANNED BANNED

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    $500,000? Google offered $200 million for it 4 years ago.
     
  3. albaniax

    albaniax Elite Member

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    $500.000 for Digg? Can't believe that...
     
  4. Murdoch1337

    Murdoch1337 Jr. VIP Jr. VIP Premium Member

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    Wow, its shocking how little its being sold for. I don't see how the site could possibly be valued at a mere $500,000
    Even if they just tossed adsense on the site, surely it would make quite a bit ( and enough to be worth more than that).

    Wow.
     
  5. oxonbeef

    oxonbeef BANNED BANNED

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    http://www.itbusiness.ca/it/client/en/home/News.asp?id=68243
     
  6. Troshi

    Troshi Senior Member

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    • Thanks Thanks x 1
  7. maxok

    maxok Jr. VIP Jr. VIP Premium Member

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    I read about that this morning, aniway the founder is happy, that is what he said XD
     
  8. oxonbeef

    oxonbeef BANNED BANNED

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    That was for the infrastructure. But the actual site.
    There seems to be a lot of disparity between what people define as the core and the business.
     
    Last edited: Jul 14, 2012
  9. SnowWar

    SnowWar Power Member

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    It is good that old are trying to come back again to their own position that is been captured by someone else. So best of luck to those.
     
  10. Typlo

    Typlo Jr. VIP Jr. VIP Premium Member

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    Does anybody else fondly remember the days when you could throw up a quick crap blog, put up three articles, bookmark the article using Digg, and your useless and poorly written farticle would immediately be on the front page of Google's results for your keyword -often WAY at the top?

    Good times. Those retarded commissions financed a lot of weed back then.
     
  11. Tsongkie

    Tsongkie Regular Member

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    I wonder what reddit is now worth.
     
  12. conceptman

    conceptman Junior Member

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    i read a article recently saying digg owner is one of the top 10 adsense earning sites why would he sell for 500k
     
  13. Techxan

    Techxan Elite Member

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    Digg died a couple of years ago, when they ran off their core, everything since then has been marketers....
     
  14. csguy

    csguy BANNED BANNED

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    I was surprised to read that 200 users were responsible for 90% of the content on Digg.
     
  15. BreakAllTheClocks

    BreakAllTheClocks Regular Member

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    Couple dozen employees in SF = $$millions in payroll alone.
     
  16. timefliesnow

    timefliesnow Newbie

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    shoulve taken the google offer..... one of the worst mistakes..
     
  17. annazuka

    annazuka Newbie

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    omg!!
     
  18. Cranula

    Cranula Junior Member

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    holy cow! too bad they didn't take the 200 mil from google. :/ But thats still a hefty chunk of change. Looks like beta works just picked up the scarps for 500,000
     
  19. scorpion896

    scorpion896 Senior Member

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    Read an interview where the founder said his business was growing and growing and thought he couldn't be touched and is why he refused google's 200 million offer.

    Let this be a lesson to all that the internet is a game of trends. If your site is doing well this year, doesn't mean it will next year. Consider all options.
     
  20. Kosher1

    Kosher1 Power Member

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    Great point.

    Unbelievable !!!!!! 200 MM not enough. Lol !!!!

    Retire for 30 generations.

    Greed.