Posted on 07/14/2012 6:26:25 PM PDT by rawhide
In 2008, Google reportedly offered to purchase the popular Digg service for $200million.
But yesterday, the service was picked up for a relatively humble £500,000, a small price for what was once the celebrated internet darling which signalled the start of social sharing and social media.
New York tech 'incubator' Betaworks Digg on Thursday in a deal that included the remaining brand assets.
Launched in 2004 by then 27-year old Kevin Rose, Digg rose to prominence as an aggregator of online content, becoming at one point one of the more highly-trafficked stops on the Internet.
(Excerpt) Read more at dailymail.co.uk ...
It may be - I don't know because I never had much interest in Reddit.
Yes, I haven't even been back once. As Winstons Julia pointed out, they don't deserve the hits. I don't want them to make ad revenue from me visiting their site.
Good riddance indeed.
According to this article Rose wanted to close on the $60 million deal, but the Digg board told him he could not. They thought the company would go further but didn't take into account Rose's short attention span. A later $200 million deal with Google was withdrawn by Google.
Apparently Rose has made money from selling early shares and from smart early investments in companies like Twitter and Square.
Rose has done some very interesting interviews called "Foundation" (on youtube) which mainly focus on the interviewees. Rose doesn't really come across as an especially greedy person.
Was worth $200,000,000.
Has/had something like 2,000,000 users.
So, by the Obama’s reasoning, those users owe Digg $100 each.
Right?
Clearly then, the blame belongs with the Board. It was a stupid miss on their part. Good job to Rose on making some savvy financial decisions. I supposed the “greedy” board motivated him.
Can you post a link to his interviews?
Isn’t Reddit the same liberal hot mess?
No question about it.
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