Joseph Walker and Spencer E. Ante, reporting for the WSJ:
Digg Inc., a social-media pioneer once valued at more than $160
million, is selling for the deeply discounted price of about
$500,000, three people familiar with the matter said. […]
Digg confirmed Thursday it sold its brand, website and technology
to Betaworks. The price is a pittance for a company that raised
$45 million from prominent investors including Facebook investor
Greylock Partners, LinkedIn Inc. founder Reid Hoffman,
and venture capitalist Marc Andreessen.
The good news is, that’s like $1000 per active user.