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Betaworks has acquired the core assets of Digg

blog.betaworks.com

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Re: Betaworks has acquired the core assets of Digg

#2

Post by uptown »

From WSJ: "The price was just $500,000, three people familiar with the matter said—a pittance for a company that raised $45 million from prominent investors including LinkedIn founder Reid Hoffman and Marc Andreessen."

http://online.wsj.com/article/SB1000142405270230437380457752...

Re: Betaworks has acquired the core assets of Digg

#3

Post by fein »

I am incredibly skeptical about the plausibility of resurrecting Digg, but for 500k I sure hope they do. It was my first social media home and it would be nice to be able to go back to what it was; not a marketing front end for corporate prostitution.

Fingers crossed, but betaworks seems to want to take Digg in the direction it should have gone during the v2->v3 upgrade.

Re: Betaworks has acquired the core assets of Digg

#4

Post by samstave »

uptown wrote: post #2

From WSJ: "The price was just $500,000, three people familiar with the matter said—a pittance for a company that raised $45 million from prominent investors including LinkedIn founder Reid Hoffman and Marc Andreessen." http://online.wsj.com/article/SB1000142405270230437380457752...

WOW

That is nothing! I am installing cisco switch gear as we speak that s worth more than that!

Re: Betaworks has acquired the core assets of Digg

#5

Post by akanster »

uptown wrote: post #2

From WSJ: "The price was just $500,000, three people familiar with the matter said—a pittance for a company that raised $45 million from prominent investors including LinkedIn founder Reid Hoffman and Marc Andreessen." http://online.wsj.com/article/SB1000142405270230437380457752...

That WSJ article attributes Digg's fall from grace to "rivals like Facebook Inc. and Twitter Inc." and makes no mention of the Digg v4 redesign disaster. That was what did them in more than anything.

EDIT: The story has been updated with a new paragraph, "A series of redesigns..."

Re: Betaworks has acquired the core assets of Digg

#8

Post by slig »

samstave wrote: post #4
uptown wrote: post #2

From WSJ: "The price was just $500,000, three people familiar with the matter said—a pittance for a company that raised $45 million from prominent investors including LinkedIn founder Reid Hoffman and Marc Andreessen." http://online.wsj.com/article/SB1000142405270230437380457752...

WOW That is nothing! I am installing cisco switch gear as we speak that s worth more than that!

For a 4-letter domain I say it's quite a bit.

Re: Betaworks has acquired the core assets of Digg

#9

Post by samstave »

fein wrote: post #3

I am incredibly skeptical about the plausibility of resurrecting Digg, but for 500k I sure hope they do. It was my first social media home and it would be nice to be able to go back to what it was; not a marketing front end for corporate prostitution. Fingers crossed, but betaworks seems to want to take Digg in the direction it should have gone during the v2->v3 upgrade.

Not a hope.

And the fact that they are going to fold it into news.me to send links of articles that others are reading sounds retarded.

Re: Betaworks has acquired the core assets of Digg

#10

Post by lbarrow »

uptown wrote: post #2

From WSJ: "The price was just $500,000, three people familiar with the matter said—a pittance for a company that raised $45 million from prominent investors including LinkedIn founder Reid Hoffman and Marc Andreessen." http://online.wsj.com/article/SB1000142405270230437380457752...

The WSJ's failure to mention reddit speaks to how little they know about the situation beyond the numbers.
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