Sunday, July 15, 2012

Digg.com Sold for $ 500,000 After Rejecting $ 200 Million From Google

Digg.com Sold for $ 500,000 After Rejecting $ 200 Million From Google
In the year 2008 ago, Google reportedly make an offer to buy social sharing service popular site Digg for U.S. $ 200 million.

But social sharing sites is surprisingly sold at prices much lower at U.S. $ 500 thousand, a very small value for a site that was once popular and marks the beginning of the era of sharing in social media.

Technology development company from New York, Betaworks, buy Digg on Thursday (12/07) in a deal that includes the remaining assets.

Launched seven years ago, namely in 2004 by Kevin Rose (27), Digg became known as an aggregator of content online, making it the most visited website on the Internet.

This site allows users to give their vote or post a link, a method currently used Facebook and Twitter to spread their content.

The sale occurred after the majority of Digg engineering staff leave the site in May to the Social Code, a subsidiary of The Washington Post.

Digg website will continue to exist, and Betaworks will soon launch a new version of Digg.

Matt Williams, Chief Executive Digg said in his blog posting: "Digg has always been a site built by the community, and for the community."

"Believe it or not, has been seven years since Digg launched. Until now, we've had more than 350 million Digg, Story Submissions 28 million and 40 million comments. We are very proud to have helped pioneer socially vote on the web.

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