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Digg, Once a Popular Socia Media Star, Sells for $500K

Another one bites the dust. According to the Wall Street Journal, Digg has been sold to New York technology development firm Betaworks for $500,000, a deep discount for a social-media site once valued at more than $160 million. The website was founded in 2004 as a way for consumers to put together their own collections of news and other Internet content, rather than relying on the choices made by newspaper editors. Digg users would post links on the site’s home page, then others would [...]

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