Digg gets bought by Betaworks the Company behind bit.ly
Social bookmarking site digg.com got bought by Betaworks. Betaworks is known mostly for the URL shortening service bit.ly. An early report on the WSJ said that the price was only $500,000. This sounds really very low. TechCrunch reports that the price was higher, but has not been officially announced. That is not all as the assets of digg got split. LinkedIn bought a couple patents fro about $4 million and The Washing Post bought the team for $12 million says another report on TechCrunch.
Digg.com has not managed to continue its early success it had a couple years ago. Back in 2006 Digg had a valuation of $60 million and founder Kevin Rose was the new poster child of Web 2.0.
What Betaworks will do with digg is not clear yet. There is room for another strong social bookmarking player besides reddit. Most of the sharing is happing though now in Twitter and Facebook.
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Kendall Jenner leads a Complicated Life
Kendall Jenner, and the complicated life she leads with friends, fans and family, prove one thing. And that is that she knows how to hang in there amidst the media hype and mass publicity.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
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