Sphinn - Digg Selling for $300 Million?

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Digg Selling for $300 Million?

Went Hot: December 21, 2007 - 3:14 am
Posted By: bartimus 299 days ago
Topic Type: News Story (Jump to http://www.marketingpilgrim.com)
Category: Water Cooler

What a bargain! That seems like a low ball price to me. Since it is for sale, we should all throw in our capital and buy the sucker. I got $20.00 to spare.

6 Comments

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Comments

from blavish 299 days ago #

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Just imagine the entire internet pitch in to actually buy it.

from baiduyou 299 days ago #

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They clearly don't understand the established protocol for selling community based websites.

1. change the 'million' to 'billion'
2. stick a flyer through Bill Gates's door
3. cross fingers

I should have been a broker...

from bartimus 298 days ago #

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I do believe you have missed your calling.

from pittfall 296 days ago #

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I think I can get a couple of twenties to help the cause!

@baiduyou - we might want to get some press releases out about how digg will bring down Google and it is a sure bet that Mr. Bill will come knocking!

from JMorris 296 days ago #

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I'll give 'em $100 for the whole thing. :-)

Seriously, this comes across a lot like a "pump and dump". Digg is getting a lot of bad press and better alternatives are rising. I'm not gifted with foresight, but it seems clear to me that the days of Digg are numbered if some major reform does not take place real soon.

Quite honestly, $300 Mil sounds a bit high. $150-200 Mil? Maybe. It's going to take some serious work to reform Digg. An investment in man power and resources that should be considered carefully.

from TheRealTerry 295 days ago #

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Putting my bias for web services aside, whenever I hear about a Web 2.0 high value acquisition or venture captial funding my thoughts drift to the economy as a whole. We are now valuing companies that do virtually nothing useful for 99% of the population higher than industry giants that produce tangible goods used by 100% of the population. Ask any person who does not work online what Digg, Mahalo or Twitter is and they'll look at you with a blank stare. These things are all basing their value on the ability to monetize traffic from a small niche segment of society using a system that's not even their own. What if a fault slips in Cali and Google's servers drop into a pit (I know they have datacenters all over, it's an analogy), what happens to the business model of all the paper companies our investment capital is sunk into?

Just a thought that when we get all a Twitter about these kewl sites we Digg, are these really solid investments or just Bubble 2.0 building up steam to once again flood the ranks of the fast food industry with former tech moguls.