At The WSJ They talk about the fall of Digg:
Digg Inc., a social-media pioneer once valued at more than $160 million, is selling for the deeply discounted price of about $500,000, three people familiar with the matter said.
I think if people at Digg are feeling kind of down on this because of this article. Remember all things are relative. Consider:
How Much Does a Burger King Franchise Cost?
Franchise Fees is a flat $50,000
So while there will be magazine and newspaper articles on the fall of Digg because of this sale put this image in your mind about the relative value of your company:
And here is an image representative of the value of one of those magazines that will no doubt write about the decline of Digg in their pages:
Update: Instalanche. Thanks Glenn, don’t miss tomorrow’s DaTechGuy on DaRadio at 10 AM EST on WCRN. My guest will be Dr. Eugene Walton. We will talk about his book African Immigrants and African Americans Community or Conflict?
listen live at wcrnradio.com
Update 2: At Techmeme they are piling on Digg, It’s still doing $499,999 dollars better than Newsweek.
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