DecryptedTech

Thursday08 December 2022

Displaying items by tag: The Washington Post

17

The big news story today is of the purchase of social news sharing site Digg to Betaworks for the small sum of $500,000. The world was shocked at this number considering the massive impact that Digg once had. When they first launched they were THE way to share your content on the internet.  Unfortunately Digg has had a series of bad management decisions as well as facing serious competition from rivals like Reddit, Stumbleupon and others. However, the story behind the $500k price tag might not be complete as new information has come to light about the way the company was sold in parts to different buyers.

Published in News