What is Digg?66 Comments
- CaptObvious, on 07/13/2009, -0/+28I like money.
- harrisbradley, on 07/13/2009, -1/+25Sucks to be you MySpace
- OfNumbers, on 07/13/2009, -2/+22"We're just glad we're not with Yahoo."
- xero69, on 07/13/2009, -0/+15I can't believe you like money too. We should hang out.
- inactive, on 07/13/2009, -5/+20Why don't they use some of that money to improve the UI?
- wannaBdug, on 07/13/2009, -1/+15Sell! Sell! Sell! That's a nice chunk of change.
- Type1, on 07/13/2009, -1/+12I, as a member of Facebook, should get some $ too!
Please! - EastCoastGnar, on 07/13/2009, -0/+9I couldn't get rid of them fast enough for that kind of money.
- crosswick, on 07/13/2009, -2/+8Obscene.
- Cole2026, on 07/14/2009, -0/+6What a waste of assets. Why would such a company buy stock from another that has never turned a profit?
- MScrip, on 07/14/2009, -0/+6So wait...
Facebook made $265M last year but didn't make ANY profit?
They had $265M in expenses? Holy crap! - inactive, on 07/14/2009, -2/+7somehow I don't hink the people who got in early with Yahoo are unhappy with their financial status in life.
At least Yahoo made a profit at SOME point in their existence. It remains to be seen if Facebook will ever do that. - hivoltage815, on 07/13/2009, -0/+5The $15 billion evaluation was a sham. Microsoft never thought they were worth that much, they just paid the equivalent on a per unit basis when they bought the small stake they did. There is, in fact, a difference.
- DonAlfred, on 07/13/2009, -3/+7What happend to the $15 billion valuation? That's a drastical decline. From $15 billion to $6.5 billion. I guess business isn't going too well, but then again, has it ever gone well?
If this is a trend, that keeps on going you'll soon be able to buy Facebook for around 10 bucks. Which is a more fair price IMO. - pinchduck, on 07/14/2009, -0/+4Good for them.
- xero69, on 07/13/2009, -0/+4Did anyone ever see that documentary where they interviewed lottery winners a year or two after they won? Some of them wished they had never hit the jackpot for numerous reasons. Someone interview those who cashout in a year or two and see what they say.
- winmywii, on 07/13/2009, -1/+5Does it matter if you are one of these guys?
- damnshoes, on 07/13/2009, -0/+4Rectal tenesmus!!!
- zacharytelschow, on 07/14/2009, -0/+3On the basis of having achieved they should be punished. Absolutely. That'll teach the bastards to work hard.
- cyssero, on 07/14/2009, -0/+3Easily - bandwidth, storage, server farms, content distribution networks, marketing, employees, lawyers, etc. For a site growing as rapidly as Facebook it's not hard to think that they'd use $265m (give or take) in expenses each year. They have over 200 million active users (according to stats provided by them) and I'm sure each user costs at least $1/yr.
- rjey, on 07/13/2009, -3/+6You all fail at sarcasm detection.
- yocouchdigga, on 07/13/2009, -0/+3this is what envy feels like.
- EvilJon, on 07/13/2009, -1/+4Hey now, that's a huge rise in perceived market value! Makes me wish I was sitting on a piece of Digg or Twitter right about now.
- Thedrickness, on 07/13/2009, -1/+4Wow, cashing in!
- dattaway, on 07/14/2009, -0/+3You as a member will now get to pay for this big investment in the form of advertising and selling your online soul.
- inactive, on 07/13/2009, -0/+3Yeah, the Ruskies just did a $200 million investment at a $10 billion evaluation for preferred stock, and MS knew they overpaid but needed it after Google overpaid for the MySpace deal. A $6.5 evaluation is still damn huge considering the economic situation, and for context, it's worth more than CBS. Also, about 200000000X the value of Digg and Rev. 3.
- junyamint, on 07/13/2009, -0/+3Nice. I have to respect any group of people that can take something a lot of other people have tried to do and make it so successful. How many social networking sites have there been? I can think of 5 big ones but none as integrated and as useful as Facebook. Just like Google was one of dozen's of search engines when it started and now dominates the scene.
The early engineering/marketing team at facebook is going to have VCs coming to them left and right to get involved in the perfect start up team. - iCallShotgun, on 07/13/2009, -0/+3Absurd.
- Tenareth, on 07/14/2009, -0/+3Huge difference between a random person, usually making < $50k suddenly makes $75mil and hard working intelligent people that started a business suddenly making millions.
They will probably find another way to make more money, not just burn through it. - nipterink, on 07/14/2009, -0/+3because they believe it will (and it probably will). so it fits in with the belief of buying low and selling high.
- iCallShotgun, on 07/13/2009, -0/+3Absurd.
- gaqua, on 07/13/2009, -2/+4Has Facebook ever turned a profit?
- inactive, on 07/14/2009, -0/+2Dax Shepard is hilarious.
http://www.youtube.com/watch?v=sZHCVyllnck - zacharytelschow, on 07/14/2009, -0/+2Bingo.
- zacharytelschow, on 07/14/2009, -0/+2Of course I would. The government would give me one.
- circuitbent, on 07/13/2009, -0/+2With internet dollars!
- nudedos, on 07/13/2009, -0/+2Lets see who won't poke them back now!
- zacharytelschow, on 07/14/2009, -1/+3It's called P-O-T-E-N-T-I-A-L.
- onlyseano, on 07/14/2009, -0/+2Oh yeah, get me in on the ground floor! Sign me up...how much was that again?
- Swivelstick, on 07/14/2009, -1/+3Yeah Rupert is desperately poor.
- Cole2026, on 07/14/2009, -0/+1There is a difference between investing in a startup in anticipation of growth and investing in an established medium for the same reason. Facebook has had years to accumulate a profit, and has done nothing. It seems like a high stakes risk to me--especially in buying stock from the facebook employees at a 6.5 billion dollar valuation.
- enantiodromia, on 07/13/2009, -0/+1how exactly?
- jamWeeCEO, on 07/13/2009, -0/+1Deal or No Deal?? Where's Howie Mandel when you need him?
- inactive, on 07/14/2009, -0/+1http://www.instantrimshot.com
- robert99a, on 07/14/2009, -3/+4Facebook sucks. That is all.
- brundlefly76, on 07/14/2009, -0/+1Without evil rich capitalists, you wouldnt have a job.
- inactive, on 07/14/2009, -0/+1why? Digg is not valued at anywhere NEAR that. And it is dropping as we speak.
Websites that 99.9% of Americans (and an even greater percentage worldwide) have never even HEARD of are not worth that much. -
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