Not long after launching in 2004, social news aggregation site Digg was heralded as tool that forever changed the nature of the news media. By 2008, the site was nearly acquired by search giant Google for $200 million. Yesterday, Digg was bought by a company called Betaworks for -- wait for it – a mere $500,000. Betaworks is the company behind other tech brands like URL shortener bit.ly, website analytics tool Chartbeat and another social news site News.me.
From $200 Million to $500K: Lessons from Digg's Slow Demise | Entrepreneur.com
From $200 Million to $500K: Lessons from Digg's Slow Demise | Entrepreneur.com
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