Whether Digg sells for half a million or 300 million dollars, Digg users will still continue using this social news site because it targets a group of users that have long regarded Digg as a bypass channel which generates traffic for their blog and website.In the last 2 months tons of bloggers sold their blog for a mere $4000-$25,000 with visitors ranging from 10,000-50,000 per month and now a big social news site like Digg with 11.5 million of uniques per month is placing a price tag of 300 million dollars, will you buy it if you are looking for a social site to invest with?
VentureBeat Reports..
“A reliable source just confirmed the company8217s plans, noting the company has hired Allen & Company, a tiny but influential private investment firm, to help broker a deal. The asking price is still $300 million, the source said.
This will come as no surprise. Rumors of a sale have been rampant for months, although until now we hear co-founder Jay Adelson has been trying to muster up interest in a sale. This is the first time Digg has hired a bank to shop the deal, we’re told.”
Now we know that Digg have already found a private investment bank firm to help them sell their site, Techcrunch posted on a short selling rumor history of Digg.
I personally feel that Digg will still continue providing that large amount of traffic to Tech Savvy Blogs & News Website which gives first hand breaking articles. While my blog had never felt the impact of how tens of thousand visitor mobbing my blog but i must thank those who have not sent me low targeted traffic which comes in n average of less than 10 seconds and leave without reading even my first paragraph.
Of course it might also mean that my contents are not that popular on a technology social site like Digg. That is why i recommend those why would like to feel a little jump of traffic submitting to stumbleupon instead. Does it really matter to you whether Digg is Sold, Don’t we still have Stumbleupon,Reddit and other social news site to be contented with?
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4 Responses to "Does It Matter Even If Digg Is Sold For 300 Million Dollars?"
What you have said does make sense and who makes the money Digg themselves, so what if kevin was to sell digg, it will still be there.
Screw digg, i am not even interested in it, cause it does not drive me any traffic.
I cant believe that digg is going to be sold off for 300 million.
July 22, 2008 6:22 PM
Thats only $2.38 per visitor on an annualized basis. Sounds cheap.
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