The Big Digg Lesson: A Social Network Is Worth Precisely as Much as Its Community (Alexis Madrigal/The Atlantic Online)
Alexis Madrigal / The Atlantic Online:
The Big Digg Lesson: A Social Network Is Worth Precisely as Much as Its Community — A social networking company is not a technology company like Intel is a technology company; its users are its product. — Digg has been sold for the astonishingly low price of $500,000 to Betaworks, the Wall Street Journal reports.
Digg, Dugg, Done: Once mighty social network sells for 500 grand - ZDNet
Digg was once one of the top 25 Web sites in the U.S. That was in 2006. The once wildly popular social bookmark and networking site was just sold for a mere $500-thousand dollars to BetaWorks. How the mighty have fallen! While Matt Williams ...