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It Costs Digg $5 Million a Year to Run the Internet [Black Holes]

SiliconBeat » O’Brien found this 12/21/2008 on valleywag.com

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 frightful, even for a startup. Last year, the ...