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 [...]