Sarah Austin.
News, comments and interviews around micro fame online. Pop17 is a two-to-three minute daily exploration to track, analyze and understand the new cultural phenomenon of online micro-celebrity. Who are these new influentials? What are their stories? How have they leveraged their online successes? These are the kinds of questions we will explore everyday at Pop17. Grab an RSS feed! Or you can find me on Twitter and YouTube.
Dec
20th
Sat
20th
Note to Kevin Rose: this is why content's king
Last year the company lost $2.8 million on $4.8 million of revenue
In the first three quarters of 2008, Digg lost $4 million on $6.4 million of revenue.
Digg wanted to sell for $300 million last year, but took funding this fall to set its valuation at $167 million
“All this when DIGG sees about 23 million unique visits per month according to QuantCast and some 30 million according to DIGG. Silicon Alley reports that DIGG’s expenses are some 14 million annually and wonders where all that goes. Me too because unlike, say, YouTube I do not think DIGG’s hosting infrastructure would have to be all that massive, and with content from users one has to wonder where the big money goes at DIGG.”
Quoting BusinessWeek
