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Once The Darling Of Social Media At A 160 Million Valuation , Digg Sells For A Measly 500K.

Digg.com, the 7 year old website that was one of the earliest UGC (User Generated Content) portals with Up/down voting features, sold to New York based Betaworks. A report on the WSJ also puts the selling price at $500,000, which pales in comparison [...]