The death of digg?
You don’t have to travel far in the blogsphere these days to hear about web 2.0 applications selling for millions of dollars. I’m sure that’s the not-so-horrible fate we’d all love our websites to endure. However, there has been some news travelling fast about digg hoping to sell for $300 million dollars. It was first posted by valleywag, ironically recieving around 2700 diggs (not good for pr). Then, earlier this week - a well reputed venture capital blog, venturebeat stated it had been confirmed by a reliable source. These rumours have been floating around for months, but it looks like things are starting to take shape now.
Do i think $300 million is worth it for such a popular, highly trafficked influential website? Definitely not. I’m all for the website, and wish Kevin and the shareholders a great sale. But, digg has been getting less popular lately. The site has tried to expand into new niches, yet forgot it’s former self. This, mixed with the other problems your site has results in lots of bad press.
I hate to be the pessimist, but this just strikes me as the people trying to offload this project. As mashable said, so much of the site needs addressing before they should even consider selling for $300 million ($77/user)
I agree $77 bucks a user is WAYYYYY too much money.
I guess the owners realize it’s decline and are trying to get out while they still can! Hehe..