View Full Version : Digg gonna sell for 300m?
simon27
11-08-2007, 03:31 AM
If you haven't seen this already on VWag or Digg
They reckon Digg is gonna be sold for 300m-400m
http://valleywag.com/tech/rumormonger/digg-close-to-a-300-million-sale-320145.php
Will make it interesting also if it gets bought will Diggnation still happen or will what Kevin and Alex say have to be approved by the new Digg owners?
masherscf
11-08-2007, 12:13 PM
Why would somebody pay 300m for a company and then waltz in and fux it up? That makes no sense.
mikec
11-08-2007, 04:23 PM
What makes Digg worth that type of money? Please explain. All it can offer is the POSSIBILITY of it's users viewing an advertisement. It does not make a product, right? People use it, but not like an amusement park or car wash. OK, it has some talented people but let's see what's up in 18 months.
Yes, I think there are people tossing $$ around like it's candy. When this bubble pops there will be some wondering around asking "Why, Web 2.0 should have worked..."
masherscf, check history, there are plenty of people who thought they could improve on a winning formula.
mr-underachiever
11-08-2007, 08:19 PM
Why would somebody pay 300m for a company and then waltz in and fux it up? That makes no sense.
Hey, Google did it with YouTube, and they payed, what 300 times that much?
royall
11-08-2007, 09:20 PM
If digg is sold, half the users would leave, and Kevin Rose would be one of the most hated people on the Internet. Know why? Digg would be flooded with pop ups and more ads, and no one would want to use it.
masherscf
11-08-2007, 10:45 PM
Hey, Google did it with YouTube, and they payed, what 300 times that much?
Youtube was hemorrhaging cash. It probably still is. It was a bad deal and leaving it as-is would have been worse.
danielus
11-09-2007, 03:51 AM
$300 million is cheap for Digg.
Mark Zuckerberg's Facebook is valued to billions of dollars (which is absolutely insane), because he stole idea and code from a group of people who worked on a project. He is also a control freak, wants everything to be in his hands, he even drop down requests for Microsoft to invest into Facebook, etc...
Before he launched Facebook at Harvard, Mark Zuckerberg worked for two brothers (namely Cameron and Tyler Winklevoss, but also with Divya Narendra) on a project called HarvardConnect.com that also wanted to connect students and alumni.
Zuckerberg later left that project and stole the code, and showed up with Facebook. The brothers claim Zuckerberg stole their code, and sued him three years ago. The brothers later changed their company’s name to ConnectU.
I value Digg at about $25 billion. Don't settle for $350 billion.
Stay away from Facebook, don't be part of a fraud. And of course, for those who would like to join honorable social networking alternative to Digg, here is http://www.connectu.com/ from people who got ripped off by Mark Zuckerbeg.
Thank you for reading this and hopefully you will deactivate your accounts today and even encourage your friends to do so.
ryudo
11-09-2007, 04:04 AM
If digg got sold to some big corp I would leave.
Why? That doesn't make any sense. The only thing keeping you at digg is the staff that you've probably never met? Give me a break.
If the site starts making major changes for the worst, and kneels to their investors, I can see leaving. But a change in ownership is hardly a definite and certain end to the status quo. Don't be dumb consumers.
ryudo
11-09-2007, 04:26 AM
Why? That doesn't make any sense. The only thing keeping you at digg is the staff that you've probably never met? Give me a break.
If the site starts making major changes for the worst, and kneels to their investors, I can see leaving. But a change in ownership is hardly a definite and certain end to the status quo. Don't be dumb consumers.
I am not to keen on big corps and when they do buy out small guys they always make big changes and get greedy and no doubt later add fee's and crap for stuff that was previously free.
simon27
11-09-2007, 10:46 AM
Really it would either be bought as just anotheer internet property and used for advertising renvue or a media company could buy it and use it to drive traffic maybe. This is the first time on the rumor mill that actually dollar figures have been disscussed. We will wait and see. It was mention on BOL so there is something to it.
masherscf
11-09-2007, 01:10 PM
Three hundred million is some serious "F-U" cash. I think that if Kevin and Jay want to cash-out and sit on a beach for the rest of their days... more power to 'em. Digg will survive.
simon27
11-09-2007, 01:46 PM
That would be sweet he would have lots of free time he might even make some more of the broken. But if they where bought I bet kevin even if he did get rich would still be involved with digg. He might though spend some more time with rev3.
If he did cash out he could sleep during the day and go to all the trendy web 2.0 parties at night when not doing Diggnation with Alex.
i totally do not understand why people are so upset about an internet venture being about making money
is it envy because someone else other than they are in the 'fast lane'
if kevin and jay do cash in to their millions (note it is millions not billions) they will probably pour more attention into rev3 and/or start something else interesting
the internet is a fabulous platform to make serious money
you all can start hating me right now because i intend to have my day my way and make my 'freedom money'
but i know no matter how fabulous that it will be temporary and transient
nothing lasts forever and especially on the net nothing is pertinent for long
andy warhol had it right with his comment on '15 minutes of fame'
tokenuser
11-09-2007, 09:31 PM
The bottom dropped out of the tech sector over the last 2 days.
So ... Jay if you are reading this, I have about $65 in my wallet and some slightly used AAPL stock I will trade you for Digg.
So ... Jay if you are reading this
jay if you are reading this i have a biggger more fun idea which i will happily give to you to manifest
you can keep digg
only the algorithms would be relevant
i offer you my plan in exchange for manifestation with the agreement that you and i will make the same amount of money be it be billions or nada
in 2002 after a twenty minute discussion with someone who would know he said 'you could get two million for it in the climate of the times ' (which in 2002 was not good) at that point i realized 'you don't need money you need people'
for reference check this thread to see if i have figured it out right
http://revision3.com/forum/showthread.php?t=11504
btw i will have the video link soon from my friend of the broadcast tv pilot he has done that i pmed you about
his name is ray
he is content you are delivery
he is also doing a documentary on a genius jazz musician named darren johson which i will also get the link for so check your pm box soonish
http://www.darrenjohnson.net/
(it takes me forever to get anything done outside my head but in my mind i fly) this plan has been on my mind so long that i would be happy to be told it sucks in order to get it off my mind but enough people have told me differently that i see it as something that should be realized
my future is NOT dependent on this as i can make my way just fine as a songwriter all by myself
soonish
:cool:
mcoulton
11-11-2007, 11:09 PM
g4 took it over to get techtv's audience and position on cable channels that decided for techtv and not g4, once they got it, they screwed it up then dropped it.
thats the big companies mistake in thinking brand name recognition means anything in cyberspace.
masherscf
11-11-2007, 11:20 PM
g4 took it over to get techtv's audience and position on cable channels that decided for techtv and not g4, once they got it, they screwed it up then dropped it.
thats the big companies mistake in thinking brand name recognition means anything in cyberspace.
If TechTV was making money when it was bought by Comcast. They never would have dreamed of fuxing it up so.
mcoulton
11-12-2007, 05:58 PM
cable companies had a limited number of channels for basic cable, they wouldnt get techtv and g4 at the same time because they serve the same demographic and the cable bigwigs who just read a summary of the content would not want to put both channels on together, therefore g4 had to take over techtv in order to get access to the cable space.. g4 had the money to buy techtv and felt it was worth it to buy the techtv
they merged the names so that the people who ran the cable companies wouldnt think techtv was dead and replaced it with some other channel. G4 changed their name back once the companies accepted the new ownership