WSJ: Social bookmark Digg sold for merely $500,000

Digg.com has been sold.

It’s shocking but true: Digg, the social bookmark web site once valued at $160 million dollars, has been sold.

The price, even more shocking: a mere $500,000 paid for by Betaworks – a “new medium company” – that also owns URL shortener, Bit.ly.

While the sale has been officially confirmed by Digg, the amount is undisclosed but Wall Street Journal sources are adamant about the half a million price tag.

Digg that, if you may!

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