Digg Sells for $500k and Becomes a Cautionary Tale: Listen to Your Users

Digg, once the most talked about social link sharing sites on the web, has just been sold, for a fraction of the valuation it once held. The company is selling for $500K to Betaworks, a New York technology firm. This is a far cry from its position 4 years ago, when then CEO Kevin Rose tried to shop around to sell the company for around $200m.

Digg, once the most talked about social link sharing sites on the web, has just been sold, for a fraction of the valuation it once held. The company is selling for $500K to Betaworks, a New York technology firm. This is a far cry from its position 4 years ago, when then CEO Kevin Rose tried to shop around to sell the company for around $200m.

The news does come as a surprise, but only because of the piddling sale number.

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