Saturday, July 14, 2012

Schadenfreude alert

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:
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?

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