Arab Today, arab today internet media firm buys faded social news site
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

Internet media firm buys faded social news site

Arab Today, arab today

Arab Today, arab today Internet media firm buys faded social news site

San Francisco - AFP

Faded social news star Digg announced Thursday that it has been bought by online media company Betaworks in a move aimed at reviving the firm\'s cache. The terms of the deal were not disclosed but online reports estimated the purchase price at $500,000. Betaworks said in a blog post that it had acquired the core assets of San Francisco-based Digg and planned to merge them with its News.me service for sharing articles on iPads, iPhones and by email newsletters. \"The News.me team will take Digg back to its essence: the best place to find, read and share the stories that the Internet is talking about,\" Betaworks founder John Borthwick said in a blog post. \"We are turning Digg back into a startup,\" the post continued. \"Low budget, small team, fast cycles.\" Digg was founded seven years ago by Kevin Rose, who took a position with Internet titan Google earlier this year. \"John understands the real-time nature of the Web and how to capture and surface trends as they occur,\" Rose said in a statement. \"Given his experience with bit.ly, news.me and Chartbeat, I can\'t wait to see what he does with Digg.\" Digg became a global sensation as an online venue for submitting news stories that climbed or sank in rankings based on votes, referred to at the website as \"diggs.\" More than 28 million stories have been submitted to Digg since it launched, chief executive Matt Williams said on the company\'s website. Digg fell out of favor as people shifted to rival services and social networks Facebook and Twitter to share news with friends. Industry figures indicate about seven million people visit Digg each month. About half of the Digg team was hired away early this year and the Betaworks acquisition reportedly included no employees. \"Over the last few months, we\'ve considered many options of where Digg could go, and frankly many of them could not live up to the reason Digg was invented in the first place -- to discover the best stuff on the Web,\" Williams said. \"We couldn\'t be happier to announce that the next generation of Digg will live on with the team from Betaworks.\" Williams said that he will be joining premier venture capital firm Andreessen Horowitz as an \"entrepreneur in residence.\" The firm was among the Digg backers. From DailyStar

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today internet media firm buys faded social news site Arab Today, arab today internet media firm buys faded social news site

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today internet media firm buys faded social news site Arab Today, arab today internet media firm buys faded social news site

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Media: آخر الأخبار
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday