Digg is Losing Money
Thursday, January 01, 2009 | Labels: Digg | |
Do you use Digg? I seldom participate and I only Digg an article when I find it really amazing, when it makes me sit on the edge of my seat.
Digg is currently having grave financial difficulties. This is because up until now, they still can't generate enough revenues from their advertising system. They are still spending more on operation expenses. With little money coming in, it definitely spell disaster for this company.
There are rumors that Digg will probably be bought by either Google or Yahoo!. But will they? Yahoo! is having some problems itself and as far as I know, is still looking for a CEO to replace Chief Yahoo! Jerry Yang.
Digg actually has a nice service and I would hate it if they fold up. Perhaps they just need an innovative marketing strategy to help monetize their site. It is after all a problem shared with the likes of YouTube and other popular sites.
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i'm not a digg user at all but i would feel very sad if they fold. it pains me to see a good business idea go to waste. i feel for the digg founder/s
Huwag! Now that I am active in digg.
Personally, I don't think Digg will fold. Get bought, maybe, but not fold.
:)
i think one reason digg is going under is the abundance of spammers there. hmm.