Digg bought by Betaworks for $500K

The ad story is in a really annoying place and there are 3 of them per page, the diggbar was extremely annoying, and their push to have more major news sites on the main page and rss automatically submitting stories was stupid.

The Digg riot where everybody was posting links to reddit and saying go to reddit I think did a lot of damage.
 


V4 pretty much killed Digg. The powerusers who were pretty much running the site were now obsolete and power was handed to the big publishers to push their own content. I think if Rose didn't have such a big fucking ego and reverted back to V3 then the site would be worth a lot more now.
 
Matagascar said:
V4 pretty much killed Digg. The powerusers who were pretty much running the site were now obsolete and power was handed to the big publishers to push their own content. I think if Rose didn't have such a big fucking ego and reverted back to V3 then the site would be worth a lot more now.
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They couldn't revert back because they switched platforms during that upgrade. They would face months of lost data going back from what I understand.
 
They tried to revert, they brought back features which were no longer available on V4 such as upcoming, user profiles, stats etc but the problem was still that users didn't have the same level of control.
 
i was huge fan of digg from ages.did not think they sell their site.Thought they continue like that and establish many sites like that,dont know if it gets sold it would like be same like before or change .It is getting sold for very cheap price.
 
kevin-rose-business-week.jpg
 
As you probably have heard, this is a load of crap. They got bought for 16 mil, which is again pitiful, but, not like 500k.
 
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.
 
amateursurgeon said:
This illustrates how important timing and knowing when to sell an asset is for an entrepreneur. Useful lesson, whether it's 500k or 16MM.
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It's not always in your control. They missed an offer of $200 million from Google in 2008...

Digg Almost Sold For $200 Million - Business Insider

According to that article:

Google has long been ruled by its engineers. Marissa Mayer, then in charge of Google's consumer search products, championed a purchase of Digg as a way to improve the quality of Google News by using Digg's voting mechanisms as social signals.

The deal ran aground after Googlers started interviewing Digg engineers. Googlers—who are kind of snobby when it comes to judging other coders—didn't find them up to Mountain View standards. Google could build a Digg in-house. And just like that, the deal was off.
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Bet they were wishing the staff weren't slackers...
 
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