The Wall Street Journal reported Thursday (July 12) that the social bookmarking site Digg was sold to Betaworks for a measly $500,000.
Since then, TechCrunch has done some additional reporting that the amount is closer to $16 million, but that math sounds murky.
In any event, this was a high-flying social media monster that once raised $45 million in VC money, was valued at $160 million and has 7 million monthly users. But these days, little value. Here’s what Digg founder Kevin Rose had to say about the collapse (and he didn’t get rich, he says).
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