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November 7, 2007
FYI: I Bought Digg
In the spirit of full disclosure, I bought Digg earlier today. No idea how the story got out so quickly, but now you know. And it was $30 upfront, and $299,999,970 in back-ended performance fees largely tied to sunspot activity.
Marginally more seriously, does anyone really care whether Digg gets bought? There are, you know, a few more interesting and serious things going on in the markets.
Sphere It
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Digg it
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Bookmark it
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Stumble it
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Facebook it
It's funny isn't it. The best company that Kevin Rose started is Revision3. I don't think it gets a 10th of the press Digg gets.
The "Web 2.0" bubble-blowers care.
This stuff generates hype far out of proportion to its actual value (in a relative sense). Because the whole "Web 2.0" system relies on getting huge numbers of chumps to digital-sharecrop, and then dangling the possibility of exploiting them in front of suckers to be fleeced themselves.