Digg is sold for $500,000 – after turning down an offer from Google for $200million just four years ago | Mail Online

Digg is sold for $500,000 – after turning down an offer from Google for $200million just four years ago | Mail Online.

Nader Nazemi-Kevin Rose-Digg

Kevin Rose. The Good Times.

This is really depressing for the owners. They could have been billionaires today. But I guess the got a little too greedy for their own good.

In 2008, Google reportedly offered to purchase the popular Digg service for $200million.

But yesterday, the service was picked up for a relatively humble £500,000, a small price for what was once the celebrated internet darling which signalled the start of social sharing and social media.
New York tech ‘incubator’ Betaworks Digg on Thursday in a deal that included the remaining brand assets.
Launched in 2004 by then 27-year old Kevin Rose, Digg rose to prominence as an aggregator of online content, becoming at one point one of the more highly-trafficked stops on the Internet.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s