Digg gonna sell for 300m?

[simon27]

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/rumormonge...ale-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]

Why would somebody pay 300m for a company and then waltz in and fux it up? That makes no sense.

[mikec]

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]

Originally Posted by masherscf

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]

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]

Originally Posted by Mr. Underachiever

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]

$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]

If digg got sold to some big corp I would leave.

[bsg]

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]

Originally Posted by BSG

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.