Digg Still Exists?

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.

Thursday, 12 July 2012