"Once massive and influential, 7-year-old Digg has receded in recent times, but still has more than 16 million monthly unique visitors. It will be combined with Betaworks’ social news summary email service and app, News.me.Betaworks Buys Digg Assets and John Borthwick Becomes CEO - Liz Gannes - Social - AllThingsD
The Wall Street Journal is reporting that the deal was worth just $500,000, a massive decline in value, considering that the company had raised $45 million. Digg CEO Matt Williams disputed that figure, saying “the overall consideration is significantly larger,” and that it was a combination of cash and equity."
Friday, July 13, 2012
Betaworks Buys Digg Assets and John Borthwick Becomes CEO - Liz Gannes - Social - AllThingsD
Apparently not a great ROI case study