Tuesday, December 18, 2007

Digg Dogged by Issues and May Be on the Market

Digg is trying to avoid slipping traffic by adding new features as it reportedly gears up for a sale.

According to Venture Beat Digg has hired venture firm Allen & Company to help find a buyer willing to pay $300 or more for the company.

This comes on the heels of more stories of "bury brigades" censoring stories that the company doesn't want to promote by burying them.

On the other hand, Digg is getting more user friendly with tools for video, a more seemless process for digging stories, and a new service for tracking the presidential election.

Methinks that Adelson, Rose, et al, have realized that the site has gotten about as big as it will get, and that the bubble on Web 2.0 is moments away from bursting. Selling now would be a smart move as $300 million is a nice retirement package for all involved.

Posted By John Gartner at 10:42 AM
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