Digg Dug Itself Into A Hole

Digg, one of the first of the current crop of social media sites, is being sold to Betaworks for half a million dollars. To put that into some perspective, Digg was reportedly in negotiations to be purchased by Google a few years ago for 200 million dollars, after having raised some 45 million from venture capitalists. It's tough out there, and the risks and rewards are quite amazing.

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