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!