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Thread: News - Digg sold for just $0.5 million

  1. 13-07-2012, 11:43 AM #1
    HEXUS
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    News - Digg sold for just $0.5 million

    Social news site was valued at over $160 million in 2008.
    Read more.
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  2. 13-07-2012, 12:53 PM #2
    TheAnimus
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    Re: News - Digg sold for just $0.5 million

    throw new ArgumentException (String, String, Exception)
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  3. 13-07-2012, 01:32 PM #3
    directhex
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    Re: News - Digg sold for just $0.5 million

    $0.5m for a social media site with no users, and a dreadful reputation?
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  4. 13-07-2012, 01:46 PM #4
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    Re: News - Digg sold for just $0.5 million

    Doesn't it have any goodwill on the net?
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  5. 14-07-2012, 01:21 PM #5
    aidanjt
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    Re: News - Digg sold for just $0.5 million

    Quote Originally Posted by pp05 View Post
    Doesn't it have any goodwill on the net?
    $500,000 goodwills as all they had left. Or maybe that's just the scrap value of their servers.
    Quote Originally Posted by Agent View Post
    ...every time Creative bring out a new card range their advertising makes it sound like they have discovered a way to insert a thousand Chuck Norris super dwarfs in your ears...
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  6. 14-07-2012, 04:54 PM #6
    Agent
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    Re: News - Digg sold for just $0.5 million

    It was sold at closer to $16M all in all, not $500k.

    http://techcrunch.com/2012/07/12/dig...and-betaworks/

    I have no idea why this headline keeps traveling across sites. Around $12M was spent buying the Digg team before this purchase. It's a great headline, but it's stretching the truth a lot: The brand / domain / traffic and tech was sold for $500k, but everything else was sold for a *lot* more.

    Could we have this clarified in the article?
    Quote Originally Posted by Saracen View Post
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