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Digg CEO says company's not for sale
The Social —
... Jay Adelson, CEO of social news company Digg, has used a BusinessWeek interview to attempt to quash those long-standing acquisition rumors. From what he said, Digg is not for sale.
"Now I am pressured to keep costs reasonable and focus more on the top-line revenue, which we really haven't ...
Digg CEO says company's not for sale
Webware.com —
... Jay Adelson, CEO of social news company Digg, has used a BusinessWeek interview to attempt to quash those long-standing acquisition rumors. From what he said, Digg is not for sale.
"Now I am pressured to keep costs reasonable and focus more on the top-line revenue, which we really haven't done ever," Adelson said to BusinessWeek's Spencer Ante, saying that he now hopes to make the company profitable in one year instead of two.
Not for sale? Riiiiiight.
It's an old (ha) Silicon Valley maxim that any company is ...
Digg Off the Block, Hopes For Profitability in '09
Wired: Epicenter —
Cofounders Jay Adelson and Kevin Rose are committed to going it alone with Digg. Rumors of the company courting offers from companies like Yahoo, Microsoft and Google were dimmed when Digg completed a $28.7 million financing round in September. And now the company is officially not for sale, according to the company's CEO, Jay Adelson.
Talking to BusinessWeek, Adelson says that the company is now looking to get profitable, on its own, as soon as possible: "Now I am pressured to keep costs reasonable and focus more on the top-line ...
Jay Adelson's Six Step Plan To Make Digg Profitable
Silicon Alley Insider —
... We're skeptical and figure the company has decided to play-hard-to-get and tidy up for a future buyer because it can't find one right now. But BusinessWeek's Spencer Ante says no. He reports: ...
Digg CEO: Read My Lips: Not For Sale
paidContent —
Digg says it is not for sale anymore. Really? How many times have we heard that one before? With a $29 million round recently, that was all but decided then. But wait till the next time someone floats a trial balloon through Techcrunch. For now, as no one comes forward to buy it at the valuations the company hoped for (that's the reality of it), four-year-old startup will dial back some of its expansion plans, instead prioritizing projects that generate revenue and profit, says the BW story.
Among some of the new "focused" projects: ads in ...
Roundup: iPhone smartphone share continues climb, Digg is not for sale (right now) and more
VentureBeat —
... Digg is not for sale…right now — Digg chief executive Jay Adelson told BusinessWeek. The company is now focusing on increasing revenue with several new features coming out over the next several months to keep people on the site and hopefully reach profitability within a year. Of course, everything has a price… ...
Digg: Not for Sale & Adding 15 to 20 new features
The Next Web —
... Everything is for sale if you pay the right price, right? Well, not Digg according to Jay Adelson who spoke with BusinessWeek recently. Digg’s new focus lies on becoming profitable as soon as possible. That of course is the right thing to say if you want to be bought. ...
Digg Grows Up with DiggBar Tool and Search Engine
Fast Company - Technology —
... These new tools and search functions should result in more people using the service on a daily basis. And since CEO Jay Adelson is no longer seeking a buyer for the site, and instead pursuing ways to make the company more profitable (ed. note: about time guys!), this should be a boon for the company as well. ...
