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Digg.com sold for $500,000

Discussion in 'Social Networks' started by digitalpoint, Jul 12, 2012.

  1. Surminga

    Surminga Member

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    #21
    Digg should've sold when they got that huge offer put on the table - but hey they thought they'd ride it out and grow
    SEMrush
     
    Surminga, Jul 15, 2012 IP
    SEMrush
  2. gebruike

    gebruike Peon

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    #22
    Very low. I was an early adopter of Reddit, so this isn't that surprising to me. It's still sad, though. Digg used to be my favorite website!
     
    gebruike, Jul 15, 2012 IP
  3. CaliStyle

    CaliStyle Active Member

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    #23
    I can't believe they sold at this price. Some people sell at just the right time, and others hang on for a bit to long.
     
    CaliStyle, Jul 15, 2012 IP
  4. Steupz

    Steupz Peon

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    #24
    It's 500k plus shares in the new entity I think.
     
    Steupz, Jul 15, 2012 IP
  5. huseyinyilmaz

    huseyinyilmaz Greenhorn

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    #25
    ohhhh my god :(
     
    huseyinyilmaz, Jul 15, 2012 IP
  6. OSSEO

    OSSEO Active Member

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    #26
    They sold in Very low price but website concept and traffic are good.
     
    OSSEO, Jul 18, 2012 IP
  7. Komicwords

    Komicwords Well-Known Member

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    #27
    with recent traffic, can the new owner use his adsense and break a million in the first 3 months ?
     
    Komicwords, Jul 18, 2012 IP
  8. matt_62

    matt_62 Notable Member

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    #28
    today is the first time ive ever seen that website. To be honest, i cant see what all the fuss is about. Still, $500k for that many visitors, sheesh, if you ask me, i think they lost a bet or something.
     
    matt_62, Jul 22, 2012 IP
  9. Andre Glegg

    Andre Glegg Member

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    #29
    The end is near for digg
     
    Andre Glegg, Jul 22, 2012 IP
  10. ilook

    ilook Well-Known Member

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    #30
    Imagine that Digg was worth over $200 million USD a few years ago.

    Lesson: Sell it while it's hot!
     
    ilook, Jul 24, 2012 IP
  11. Mega B

    Mega B Well-Known Member

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    #31
    The cheap price that the whole setup was sold for was bizzare,i have to admit i have not used it in recent years but Digg was always the 1st port of call for promoting a new site as the search engines would pick it up within hours and give you a high quality links.I cannot see it continued in it current format i am certain they had been after the valuable and quality visitors and direct them to the new owners site/s.Its a great buy for the new owners but dire news for the big investors.
     
    Mega B, Jul 24, 2012 IP
  12. quiz

    quiz Active Member

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    #32
    I don't understand why you would sell it for $500K if you still have a huge amount of traffic. If Digg would have avoid all the spam and did something against it, it would be worth way more then €500K....
     
    quiz, Jul 24, 2012 IP
  13. fatcatdomains

    fatcatdomains Greenhorn

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    #33
    That is incredible that Digg sold for only $500,000 and Google offered them $2,000,000 back in 2008. Timing is everything.
     
    fatcatdomains, Jul 24, 2012 IP
  14. holyhermit

    holyhermit Notable Member

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    #34
    Ridiculously low for a business model that has proved it mettle.
     
    holyhermit, Feb 4, 2013 IP
    qbert_seo likes this.
  15. Anand85

    Anand85 Active Member

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    #35
    Officially Not declared from Digg ........
     
    Anand85, Feb 4, 2013 IP
  16. YourRE dot Com

    YourRE dot Com Active Member

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    #36
    yes, it's the lowest price.They can get more than that because good traffic, alexa rank and pr for digg.
     
    YourRE dot Com, Feb 4, 2013 IP