Digg.com Sold To Betaworks For $500,000

Posted by samzenpus on Thursday July 12, 2012 @11:05AM from the so-long dept.

New submitter MyFirstNameIsPaul writes "The once popular social news website Digg.com, which received $45 million in funding, is being sold to to Betaworks for $500,000. From the article: 'Betaworks is acquiring the Digg brand, website, and technology, but not its employees. Digg will be folded into News.me, Betaworks' social news aggregator. This is not the outcome people expected for Digg. In 2008, Google was reportedly set to buy it for $200 million.'" Update: 07/13 12:26 GMT by S : Looks like real number is about $16 million.

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This would have been first post, but... by Anonymous Coward · 2012-07-12 11:07 · Score: 3, Funny

This would have been first post, but it was a missed opportunity.
Re:Forget Digg... by Anonymous Coward · 2012-07-12 11:25 · Score: 0, Funny

It'll be sold for a copy of a picture CmdrTaco's penis and a snicker's bar in a couple of years.
Too Funny by RapidEye · 2012-07-12 11:57 · Score: 5, Funny

I seem to recall that Rose made Digg because he felt there was too much elitism on Slashdot.
I guess elitism works!
Vivo El Taco!!!

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