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.
- Digg.com Sold To Betaworks For $500,000 (news.slashdot.org)
- Digg sold to Betaworks for pocket change (money.cnn.com)
- Betaworks Acquires Digg – TechCrunch (techcrunch.com)
- Onetime social media darling Digg reportedly sold for a paltry $500,000 (mercurynews.com)
- Digg sold to Betaworks, reportedly for $500,000 (theverge.com)