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Digg.com sold for $500,000

Discussion in 'Social Networks' started by digitalpoint, Jul 12, 2012.

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  1. #1
    digitalpoint, Jul 12, 2012 IP
  2. browntwn

    browntwn Illustrious Member

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    #2
    Looks like they rode that wave until it hit the rocks. It is shocking they never sold it when it was worth tons more.
     
    browntwn, Jul 12, 2012 IP
  3. digitalpoint

    digitalpoint Overlord of no one Staff

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    #3
    Yeah... although the founders probably assumed it was going to get more popular, not less.

    Still crazy it sold for $500k though... I mean in a worst case scenario, you could shut down the site, slap some ads on it and make that back in a very short time.
     
    digitalpoint, Jul 12, 2012 IP
  4. browntwn

    browntwn Illustrious Member

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    #4
    This doesn't even make sense to me. How does folding it into another brand entirely revive the Digg brand? The whole deal seems off.
     
    browntwn, Jul 12, 2012 IP
  5. Objects

    Objects Well-Known Member

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    #5
    Yeah i heard, its very sad they sell it for so low. :(
     
    Last edited: Jul 12, 2012
    Objects, Jul 12, 2012 IP
  6. JPC-Sabrina

    JPC-Sabrina Member

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    #6
    That is really low. I had considered that Digg was really on the rise. It has been indexing very well lately and many users enjoy checking it on a daily basis. Prices can rise and fall quickly across this industry. Sometimes, you just have to decide when it is time to let someone else steer the ship so that you can hit the shores and enjoy the rewards of your work.
     
    JPC-Sabrina, Jul 12, 2012 IP
  7. FPForum

    FPForum Notable Member

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    #7
    Wow that's a low price..Although Digg has fallen more and more the past few years. They could have gotten allot more for the site a few years back..oh well
     
    FPForum, Jul 12, 2012 IP
  8. bedmondo

    bedmondo Peon

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    #8
    Considering the price that Facebook paid for Instagram, 500k for digg seems like a steal!
     
    bedmondo, Jul 12, 2012 IP
  9. EmmaBrown

    EmmaBrown Peon

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    #9
    Who bought Digg?
     
    EmmaBrown, Jul 13, 2012 IP
  10. animedbsellersz

    animedbsellersz Well-Known Member

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    #10
    they deserve it..
    digg.com is just full of spammers, and there are no interested articles anymore
    3 years ago it was a social site, then in turned into an Apple fanboy site always spamming rumors and shit about iProduts in the frontpage.

    It got what it deserved.
     
    animedbsellersz, Jul 13, 2012 IP
  11. Shazz

    Shazz Prominent Member

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    #11
    Wondering the same thing.
     
    Shazz, Jul 13, 2012 IP
  12. GeorgeDan

    GeorgeDan Member

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    #12
    Honestly, I did not like Digg. Anyway, I agree that is a small price for the traffic they have.
     
    GeorgeDan, Jul 13, 2012 IP
  13. kideze

    kideze Peon

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    #13
    digg was great until recent, just shows how much reddit is killing it
     
    kideze, Jul 13, 2012 IP
  14. ServerGurus.com

    ServerGurus.com Peon

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    #14
    I tend to agree with animedbsellersz, though I'm also surprised that it was not sold sooner -- its fate had to have been seen coming years ago. For those interested, it was sold to NYC-based tech firm Betaworks. TechCrunch has an article with more information about the sale.
     
    ServerGurus.com, Jul 13, 2012 IP
  15. Chuckun

    Chuckun Well-Known Member

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    #15
    What the hell :S $500k would only just buy you an average house in my country.. They got ripped.
     
    Chuckun, Jul 13, 2012 IP
  16. Elvis Wong

    Elvis Wong Well-Known Member

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    #16
    Can you "digg" this ? Instagram went for 1 000 000 000$
    Go figure...
     
    Elvis Wong, Jul 14, 2012 IP
  17. wisdomtool

    wisdomtool Moderator Staff

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    #17
    Well I would say that Digg was good, but the problem being they are too good, SEO spammers got attracted to it and I guess the traffic quality deteriorate but, $500k is still too low a price for such a site. With some improvements and adjustments, it can be made to sell for a far higher price.
     
    wisdomtool, Jul 14, 2012 IP
  18. dcristo

    dcristo Illustrious Member

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    #18
    They're basically rebranding Digg.
     
    dcristo, Jul 14, 2012 IP
  19. ayushsocial

    ayushsocial Member

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    #19
    LOL... they were once making around $900k from adsense and sold for only $500k
    loosers....
     
    ayushsocial, Jul 14, 2012 IP
  20. pianopro11

    pianopro11 Member

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    #20
    Digg is like the red headed step child that didn't graduate college.
     
    pianopro11, Jul 14, 2012 IP
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