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

Discussion in 'Community Discussion' started by Prof., Jul 12, 2012.

  1. Prof. macrumors 601

    Prof.

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    Chicago
    #1
    It's true! The once-popular website that was thought to have a value of US$60M has sold for a measly $500k!

    link
     
  2. miles01110 macrumors Core

    miles01110

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    #2
    Oops. Just goes to show what happens when you get comfortable with your success.
     
  3. Surely Guest

    Surely

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    Los Angeles, CA
    #3
    Except for this part:

    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
     
  4. AnimaLeo macrumors 6502

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    #4
    I don't know what kind of privileged life you lead, but half a million dollars is not measly to me.
     
  5. charlieegan3 macrumors 68020

    charlieegan3

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    #5
    as a percentage of $60m it is measly.
     
  6. Dagless macrumors Core

    Dagless

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    #6
    For what it is/was, hell yeah it's cheap.
     
  7. malman89 macrumors 68000

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    Michigan
    #7
    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.
     
  8. ucfgrad93 macrumors P6

    ucfgrad93

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    #8
    Agreed, they practically gave it away.
     
  9. Carlanga macrumors 604

    Carlanga

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    #9
    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.
     
  10. Prof. thread starter macrumors 601

    Prof.

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    #10
    When you're talking about the sale of a company, 500k is measly.
     
  11. obeygiant macrumors 68040

    obeygiant

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    totally cool
  12. Eidorian macrumors Penryn

    Eidorian

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  13. Peace macrumors Core

    Peace

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    #13
    Kevin took $45 million from investors since 2004 and it sells for 500 grand .

    Nice going Kevin.
     
  14. miles01110 macrumors Core

    miles01110

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    #14
    He can't. He's unemployed now.
     
  15. PlaceofDis macrumors Core

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    Jan 6, 2004
    #15
    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.
     
  16. Eidorian macrumors Penryn

    Eidorian

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    Indianapolis
    #16
    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...
     
  17. PlaceofDis macrumors Core

    Joined:
    Jan 6, 2004
    #18
    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.
     
  18. fireshot91 macrumors 601

    fireshot91

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    #19
    It actually sold for $16mill.


    ^^ From that link
     
  19. AnimaLeo macrumors 6502

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    Sep 2, 2009
    #20
    Hey man, can you give me a measly $500,000? Cheers ;)
     
  20. Antares macrumors 68000

    Antares

    #21
    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.
     
  21. mudslag macrumors regular

    mudslag

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  22. Alameda macrumors 6502a

    Alameda

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    #23
    Kevin left the company a while ago.
     
  23. Surely Guest

    Surely

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    Location:
    Los Angeles, CA
    #24
    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.
     
  24. Prof. thread starter macrumors 601

    Prof.

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    Chicago
    #25
    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!

    :rolleyes:
     

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