-->

unlimited stories

  • MGT300-LOCAL ICT
  • MGT300-INTERNATIONAL ICT
  • GENERAL ACADEMIC MATTERS
  • PERSONAL MATTERS
  • OTHERS

Thursday, 12 July 2012

After years of decline, the popular website Digg is sold

By Gerry Shih
SAN FRANCISCO | Fri Jul 13, 2012 3:26am IST
 
(Reuters) - New York tech incubator Betaworks acquired the website Digg on Thursday in a deal that included the remaining brand assets, a humble close to what was once a celebrated online property that heralded the social media era.

Launched in 2004 by then 27-year old Kevin Rose, Digg rose to prominence as an aggregator of online content, becoming at one point one of the more highly-trafficked stops on the Internet. The site let users vote up - or "Digg" - links, an early precursor to how Facebook (FB.O) and Twitter help spread "viral" content today.
The deal was worth just $500,000, the Wall Street Journal reported.
The sale came after the majority of Digg's engineering staff left in May for Social Code, a subsidiary of The Washington Post Co (WPO.N).
"Over the last few months, we've considered many options of where Digg could go, and frankly many of them could not live up to the reason Digg was invented in the first place -- to discover the best stuff on the web," Digg Chief Executive Matt Williams said in a blog post. "We wanted to find a way to take Digg back to its startup roots."

Digg's website will continue to exist, and Betaworks will soon launch a new "cloud-based version of Digg" to complement its current offerings, Williams wrote.
Still, Thursday's acquisition drew the curtains on a start-up once feted in Silicon Valley.

The company raised a total of $45 million in funding from established venture capital firms like Greylock Partners. In 2006, Rose starred on a well-known BusinessWeek magazine cover, flashing his thumbs next to the headline: "How This Kid Made $60 Million In 18 Months."
(Reporting By Gerry Shih; Editing by Tim Dobbyn)
Posted by mia moola at 19:59
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest
Labels: other news

No comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments (Atom)

About Me

mia moola
View my complete profile

Blog Archive

  • ▼  2012 (23)
    • ►  August (6)
    • ▼  July (16)
      • UKM To Set Up An Academy for Cyber Security
      • After years of decline, the popular website Digg i...
      • eBay's hottest business brings benefits, risks
      • Pos Malaysia issues special stamp in conjunction w...
      • Ex-Sime Darby GM jailed 27 years
      • UiTM on a high
      • China Mobile develops NFC phones
      • Looking information technology in the eye
      • PC programming is "new Latin"
      • Lessons From Britain’s Health Information Technolo...
      • INFORMATION TECHNOLOGY; Digital Commerce
      • a boost for ict training
      • ict a must for SMEs
      • IT solve the problem :)
      • health technology information
      • SoftSpace Sdn Bhd
    • ►  June (1)

nice quote

.

Feedjit

shoutbox

Labels

  • international IT news (5)
  • IPTA'S IT NEWS (5)
  • IPTS'S IT NEWS (2)
  • local IT news (5)
  • other news (5)

clock

reader

Website counter

solat :)

: : LOVE LOVE LOVE !! : :

  • USTAZ MOHD ALI BIN MOHAMMAD DON
  • AHMAD CHE YAACOB

my love UiTM

  • UiTM SUNGAI PETANI
  • UiTM ARAU
  • UiTM KOTA BAHRU
  • UiTM SELAYANG
  • UiTM PUNCAK PERDANA
  • UiTM SEKSYEN 18 (intec)
  • UiTM SHAH ALAM
  • UiTM SEGAMAT JOHOR
  • UiTM BANDARAYA JOHOR
  • UiTM PUNCAK ALAM
  • UiTM MELAKA
  • UiTM NEGERI SEMBILAN
  • UiTM PAHANG
  • UiTM PERLIS
  • UiTM KEDAH
  • UiTM PERAK
  • UiTM PULAU PINANG
  • UiTM KELANTAN
  • UiTM TERENGGANU
  • UiTM SABAH
  • UiTM SARAWAK

link link link !!

  • PRIME MINISTER :)
  • STATE GOVERMENT OF JOHOR
  • JPA
  • MARA
  • UTUSAN MALAYSIA
  • BERITA HARIAN
  • STAR NEWSPAPER
  • NEW STRAITS TIME
  • FIREFLY :)
  • AIRASIA !!
  • MALAYSIA AIRLINES !!
  • TUNE HOTEL
  • TOURISM MALAYSIA
  • TOURISM JOHOR
  • KWSP
  • SURUHANJAYA SYARIKAT MALAYSIA
  • MUTIARA MOTOR
  • KICAP HABHAL :)
  • APOLLO FOOD
  • INSTITUTE OF MARKETING MALAYSIA
  • INSTITUTE OF BANKING MALAYSIA
  • TUN DR MAHATHIR MOHAMMAD
  • DEWAN BAHASA DAN PUSTAKA
  • PERKASA
  • RIDHUAN TEE ABDULLAH

company belongs to GLC

  • MALAYSIA INTERNATIONAL SHIPPING CORP BHD
  • PETRONAS GAS
  • PETRONAS DAGANGAN BHD
  • NCB HOLDINGS BHD
  • MNRB HOLDINGS BHD
  • CCM DUOPHARMA BIOTECH BHD
  • TAKAFUL MALAYSIA
  • UAC BHD
  • FABER GROUP BHD
  • MALAYSIA BUILDING SOCIETY BHD
  • PHARMANIAGA BHD
  • PLUS EXPRESSWAYS BHD
  • TIME ENGINEERING BHD
  • TIME DOTCOM BHD
  • POS MALAYSIA
  • BIMB HOLDINGS
  • PROTON
  • AFFIN HOLDINGS
  • TABUNG HAJI
  • PNB
  • UMW
  • TH PLANTATIONS
  • BOUSTEAD HOLDINGS BERHAD
  • CIMB GROUP
  • KHAZANAH NASIONAL
  • MRCB
  • AXIATA
  • CCM
  • MBSB
  • MALAYSIA AIRPORT
  • UEM
  • PERODUA
  • SIME DARBY
  • TENAGA NASIAONAL BERHAD
  • TELEKOM MALAYSIA
  • MAYBANK
  • PETRONAS

IPTA

  • UPNM
  • UMK
  • UNIVERSITI SULTAN ZAINAL ABIDIN
  • UniMAP
  • UMP
  • UTeM
  • UMT
  • USIM
  • UPSI
  • UMS
  • UNIMAS
  • UUM
  • UIA MALAYSIA
  • UNIVERSITI PUTRA MALAYSIA
  • UNIVERSITI KEBANGSAAN MALAYSIA
  • UNIVERSITI SAINS MALAYSIA
  • UNIVERSITI MALAYA
  • universiti tun hussien onn malaysia
  • universiti teknologi malaysia
  • universiti kuala lumpur
  • politeknik ibrahim sultan johor bahru

IPTS

  • WAWASAN OPEN UNIVERSITY
  • UNIVERSITY COLLEGE OF ISLAM MELAKA
  • UTAR PERAK CAMPUS
  • UTAR KUALA LUMPUR KAMPUS
  • UTAR PETALING JAYA CAMPUS
  • UNIRAZAK
  • UNITEN
  • SWINBURNE UNIVERSITY OF TECHNOLOGY SARAWAK CAMPUS
  • UTP
  • UNISEL
  • UCSI UNIVERSITY
  • THE UNIVERSITY OF NOTTINGHAM MALAYSIA CAMPUS
  • TAYLOR'S UNIVERSITY
  • TATI UNIVERSITY COLLEGE
  • SUNWAY UNIVERSITY COLLEGE
  • SEGi UNIVERSITY COLLEGE
  • OPEN UNIVERSITY MALAYSIA
  • NILAI UNIVERSITY COLLEGE
  • MULTIMEDIA COLLEGE CYBERJAYA
  • MULTIMEDIA UNIVERSITY MELAKA
  • MONASH UNIVERSITY SUNWAY CAMPUS MALAYSIA
  • MASTERSKILL UNIVERSITY OF HEALTH SCIENCES
  • MALAYSIA UNIVERSITY OF SCIENCE AND TECHNOLOGY
  • LIMKOKWING UNIVERSITY OF CREATIVE TECHNOLOGY
  • KLMUC
  • KLIUC
  • INTERNATIONAL UNIVERSITY OF TECHNOLOGY TWINTECH
  • INTI INTERNATIONAL UNIVERSITY
  • INSANIAH UNIVERSITY
  • INTERNATIONAL MEDICAL UNIVERSITY
  • INTERNATIONAL ISLAMIC UNIVERSITY
  • INTERNATIONAL CENTRE OF EDUCATION IN ISLAMIC FINANCE
  • HELP UNIVERSITY
  • CYBERJAYA UNIVERSTY COLLEGE OF MEDICAL SCIENCES
  • CURTIN UNIVERSITY OF TECHNOLOGY
  • CUCST
  • BUCME
  • AeU
  • MEDIU
  • AUCMS
  • aimst university

World Clock

Followers

lets sing a song :)


Click here for Myspace Layouts

cute cursor

:)


back to top

Powered by Blogger.