Digg.com sells for... $500,000?

[Prof.]

It's true! The once-popular website that was thought to have a value of US$60M has sold for a measly $500k!

link

 

[miles01110]

Oops. Just goes to show what happens when you get comfortable with your success.

 

[Surely]

Except for this part:

The Wall Street Journal reported the price as $500,000, although Digg CEO Matt Williams disputed the figure, telling All Things D the cash and equity deal was “significantly larger.” He did not offer specifics.

Still, they should have sold to Google for the $80-200 million when they had the chance.

I read it here: http://www.theverge.com/2012/7/12/3155537/digg-sold-to-betaworks-reportedly-for-500000

 

[AnimaLeo]

I don't know what kind of privileged life you lead, but half a million dollars is not measly to me.

 

[669532]

I don't know what kind of privileged life you lead, but half a million dollars is not measly to me.

as a percentage of $60m it is measly.

 

[0098386]

I don't know what kind of privileged life you lead, but half a million dollars is not measly to me.

For what it is/was, hell yeah it's cheap.

 

[malman89]

Not surprised. Never used it personally, don't know anyone that currently does. No one diggs it. Should've sold and ran straight to the bank earlier.

 

[ucfgrad93]

For what it is/was, hell yeah it's cheap.

Agreed, they practically gave it away.

 

[Carlanga]

They prob made way more over time than when they could have sold it for 60MIL plus the $500,000 + thousands or maybe millions of dollars worth of equity.

 

[Prof.]

I don't know what kind of privileged life you lead, but half a million dollars is not measly to me.

When you're talking about the sale of a company, 500k is measly.

 

[obeygiant]

MrBabyMan should buy it..

 

[Eidorian]

I was a fan of it back in...2006?

 

[Peace]

Kevin took $45 million from investors since 2004 and it sells for 500 grand .

Nice going Kevin.

 

[miles01110]

MrBabyMan should buy it..

He can't. He's unemployed now.

 

[PlaceofDis]

i'm not surprised. it's fallen to the wayside as other sites have come up and taken its spot. never was a huge fan of the site anyways, always just felt 'off' to me.

 

[Eidorian]

i'm not surprised. it's fallen to the wayside as other sites have come up and taken its spot. never was a huge fan of the site anyways, always just felt 'off' to me.

Maybe it was the switch from technology to everything? I remember when that happened and it was overwhelming.

I do not recall the last time I was on Slashdot...

 

[LeeRod]

http://techcrunch.com/2012/07/12/digg-sold-to-linkedin-and-the-washington-post-and-betaworks/

 

[PlaceofDis]

Maybe it was the switch from technology to everything? I remember when that happened and it was overwhelming.

I do not recall the last time I was on Slashdot...

i couldn't tell you the last time i was at either site. probably 06 or something like that. the hardest thing about technology for websites is 'keeping up with the times' because its such a rapidly changing area and people's expectations of what they want from a site changes rather quickly. thats why i think the forced changes by Facebook has actually helped them even if people are happy.

 

[fireshot91]

It actually sold for $16mill.


^^ From that link

 

[AnimaLeo]

When you're talking about the sale of a company, 500k is measly.

Hey man, can you give me a measly $500,000? Cheers

 

[Antares]

When you're talking about the sale of a company, 500k is measly.

I don't know what kind of privileged life you lead, but half a million dollars is not measly to me.

Indeed. To our good ol' Prof., this may just be pocket change...but in terms of business, this is an almost shocking fall in value.

 

[mudslag]

Reddit FTW

 

[Alameda]

Kevin took $45 million from investors since 2004 and it sells for 500 grand .

Nice going Kevin.

Kevin left the company a while ago.

 

[Surely]

Indeed. To our good ol' Prof., this may just be pocket change...but in terms of business, this is an almost shocking fall in value.

I don't think Prof implied that $500K is pocket change to him or in general. But when you sell a company that was once worth $80-200 million, $500K is indeed pocket change.

 

[Prof.]

Ya caught me, guys. I'm secretly a 23 year-old multi-billionaire that wipes his a$$ with $500,000 bills.

Romney '12! Screw all you peasants!