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July 12, 2012

18:15 • 10 months ago

New York-based Betaworks set to purchase Digg’s remaining assets

The Wall Street Journal reports the price tag being in the vicinity of $500,000, but TechCrunch is already disputing that figure. That’s pretty low considering that a Business Week report infamously valued the company over $200 million six years ago. According to the report, Betaworks will fold Digg into News.me but will not retain any members of the Digg staff who still remain after the mass exodus to The Washington Post Company’s Social Code in May. (big hat tip to MartinezReport for the tip) source

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March 16, 2012

10:14 • 1 year ago

Kevin Rose abruptly kills relatively-new product, moves to Google

Tags: digg google kevin rose kevin rose google kevin rose oink milk oink 10 • Permalink

what On Wednesday, after just five months in operation, Digg founder Kevin Rose’s app Oink abruptly shut down. This despite the fact that it had 100,000 downloads right off the bat. The abrupt closure angered users who felt betrayed by the move.
why Well, because Google bought out Rose’s company, Milk, including its staff. The deal was reported Thursday, allegedly the result of a bidding war with Facebook. Is the rise of the acqu-hire, seen earlier this week with Posterous, hurting end users? source

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October 25, 2010

21:14 • 2 years ago

Digg realizes that too many people are working for them

Tags: digg kevin rose matt williams reddit social news staff cuts 1 • Permalink

six the number of people who work on Reddit’s entire site
67 the number of people who work on Digg at the moment
25 the number of staffers Digg will be cutting to get profitable source

» Cutting the “overhead”: Why is it that Reddit has a much smaller staff, yet is completely kicking Digg’s butt at the moment? Good question. Either way, Digg (which is unprofitable) is cutting 37 percent of its staff in an effort to rebuild lost momentum in the platform and cut significant costs. “It’s been an incredibly tough decision,” wrote Matt Williams, the company’s brand-new CEO. “I wish it weren’t necessary. However, I know it’s the right choice for Digg’s future success as a business.” Also, a product refocus is coming very soon to correct the last one.

September 30, 2010

01:35 • 2 years ago

Digg dropout? Kevin Rose no longer sounds enthused about his baby

Tags: digg digg redesign kevin rose kevin rose quitting digg social news 1 • Permalink

2004Kevin Rose founds Digg, parlaying his minor TV fame into a major trendsetting social news Web site.
2008 Rose reportedly pushes very hard to sell his product to Google, but his own board turns the offer down.
2010 Rose is reportedly burnt out, and rumors suggest that may quit Digg, which has had a very rough year. source

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