Betaworks Buys Digg for $500,000

[Sam_Reynolds]

Digg, a social media pioneer founded by TechTV alum Kevin Rose, and once valuated by Google for a reported $200 million, has been purchased by New York-based technology incubator Betaworks for a paltry sum of $500,000.

Read more here: Betaworks Buys Digg, Corpse of Social Media Superstar, for $500,000 | Hardware Canucks