techcrunch.com - 12/21/2008
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So Business Week gets their hands on Digg’s financials and reports that the company had 2007 revenues of $4.8 million and losses of $2.8 million. The first three quarters of 2008 Digg had revenues of $6.4 million and losses of $4 million. That implies total 2008 revenue of $8.5 million, ...
businessweek.com - 12/19/2008
valleywag.gawker.com - 12/27/2008
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valleywag.gawker.com —
kevin rose Digg Founder Wants to Date Jennifer
Aniston Kevin Rose , the boyish founder of Digg,
a testosterone-soaked news-discussion site, has resolved to "date someone seriously" in 2009. Specifically, he plans to woo Marley & Me star Jennifer ...
(more)
Valleywag - Gawker
alleyinsider.com - 12/20/2008
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alleyinsider.com —
BusinessWeek got ahold of social news site Digg's
financials. For a site that gets as much traffic
as Digg.com does -- 22.6 million monthly uniques, according to Quantcast -- the numbers are gruesome: Last year the company lost $2.8 million on ...
(more)
Digg's Miserable Business
Comments
Blog Reactions
What’s Wrong with Web Businesses
WatchMojo.com Business & Technology —
... The largest news aggregator happens to be Digg, whose financials Business Week managed to get its hands on. Considering the site’s traffic, the figures aren’t pretty. Digg greets over 20M unique users per month, has an advertising deal with web sugar daddy Microsoft in placebut can only muster about $1-2M in quarterly sales, operating in the red to the tune of $5M per year. ...
Social Media Advertising: Crossing the Streams
louisgray.com —
... A story on TechCrunch this week called Digg's Sorry Revenue Stream, And Rumors Of An Experimental Ad Product was illuminating in a number of ways. ...
Roundup: Rumors of layoffs at Microsoft, Tweeting a plane crash, music video fighting and more
VentureBeat —
... Digg losing millions of dollars a year — The social voting site is on its way to over $5 million in losses this year, ...
Web 2.0 and "peak waste"
The Open Road —
... figuring out how exceptional content will get financed in the Web 2.0 world, rather than in the technologies that make it easy to borrow content but impractical to fund the development thereof. I'm not suggesting that Tim doesn't "get it." Indeed, perhaps I'm mostly criticizing a world that gets his vision wrong. But I do believe there's a disconnect between the hype around Web 2.0 and the reality of getting paid. It was horribly telling that one darling of the Web 2.0 crowd - Digg - was recently exposed as gigantic revenue hole : money goes in, but little comes out. The ...
When Talking About Business Models, Remember That Profits Equal Revenues Minus Costs
A VC —
... The web can do that in more than one company. Last month, I read on Techcrunch that Digg's annual revenues were around $8.5mm last year. Everyone was saying how bad that was. And maybe it is, but I don't know. It wasn't the revenues that shocked me. It was the costs. Apparently Digg's costs for 2008 were about $14mm and they have over 70 employees and are planning on growing that number to 150 in 2009. Digg is entirely peer produced. It could take a Craigslist approach to its business and keep its headcount to around 30. Then it might be close to breakeven and could grow over ...
Related Content
Jealous Of StumbleUpon’s Success, Digg Is Developing Of Web Toolbar
pulse2.com 2/27/2009 —
If I had to choose between StumbleUpon and Digg about whether I believe one is more valuable, I would definetely choose StumbleUpon. StumbleUpon suggests different content to every one of their users using an algorithm that is based on interests. ...
The Building of a Better Digg Commences
webpronews.com 1/29/2009 — Just before the New Year, Digg Founder Kevin Rose put up his list of New Year's resolutions . Third on that list was: "Build a Better Digg." Less than a month into 2009, the site appears to be on that track. read more
DiggBar Keeps All Digg Homepage Traffic On Digg
techcrunch.com 4/3/2009 — DiggBar , the new shortURL and toolbar service from Digg, is certainly useful. I expect it to become my default short URL service on Twitter since it is so easy to create a short URL by simply adding Digg.com/ in front of any URL. It will redirect ...
Why is Digg.com Taking the “Social” out of Social Media?
searchenginejournal.com 3/18/2009 — It seems that over the past several months, Digg has been waging a war against it’s own users and alienating the very people who have helped Digg to achieve its current level of success.
Since it’s never fair to make accusations without ...
It Costs Digg $5 Million a Year to Run the Internet [Black Holes]
valleywag.com 12/21/2008 — Perhaps Digg really is the future of the news business. The headline-discussion site, once an icon of the Web 2.0 movement, is losing millions of dollars a year. BusinessWeek's Spencer Ante got ahold of Digg's financial statements . They are ...
DiggBar Digs up Bitter Nostalgia Among Critics
blog.wired.com 4/4/2009 —
Digg's new URL-shortening feature is aggregating as much controversy for the popular web site as it is traffic.
Critics
are taking aim at the structure of DiggBar — a toolbar appearing at the
top of a browser when users click a link at Digg. ...
Digg not digging the economy, cuts 10 percent
venturebeat.com 1/26/2009 — Popular news aggregator Digg is laying off 10 percent of its 75 person workforce. Chief executive Jay Adelson announced a “headcount reduction in certain areas” this morning on the company blog , and gave the 10 percent estimate to ...
Interview With Digg’s Kevin Rose: The State of The Union
techcrunch.com 4/21/2009 —
Last week I sat down with Digg founder Kevin Rose to get the Digg “State of the Union.” The company, now more than four years old, has continued to grow incredibly since launching in late 2004 and regularly innovates with new ...
Digg’s Lack of Ad Targeting is Hurting Revenue
marketingpilgrim.com 12/29/2008 — By Trisha Lyn Fawver
Will they or won’t they sell social news site Digg? It’s been on the rumor mill for years, whether it’ll sell to Yahoo or Google , no one can tell. But I can tell you one thing - you can’t sell a ...
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