Digg's painful downfall has finally hit rock bottom. Does that mean Digg can only go up now?
As you've probably heard, the once-mighty social news Web site has sold to Betaworks for a paltry $500,000. The total price of the acquisition was around $16 million, if you include The Washington Post's acquisition of the team and LinkedIn's acquisition of the patents.
That price is still a far cry from the $200 million that Google was ready to spend to acquire Digg in 2008. And those numbers seem paltry in comparison with the billion dollar deals that have been floating around Silicon Valley recently.