When Digg launched in 2004, it was a startup darling. It let users post links to their favorite news and websites. Then their friends could vote the link up-or-down. In its heyday, the site had 14 million visitors -- and a line of offers. Google reportedly put $200 million on the table in 2008. But no deal was ever done. So that $500,000 selling price has got to hurt. But could Digg have known?
Comments, observations and thoughts from two bloggers on applied statistics, higher education and epidemiology. Joseph is an associate professor. Mark is a professional statistician and former math teacher.
Saturday, July 14, 2012
Marketplace approaches this as a story about the importance of timing the sale of a company. I think there may be a bigger point here about the actual value of some of these companies:
Posted by Mark at 7:00 AM
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