"There is one clear lesson from Digg’s sale: the technology that powered a once-massive social network is worth about $500,000. All the rest of the value derives from the people that use it. Though scaling is tough, any developer in the world can build some profiles and let people connect up. It’s an act of genius — or an act of God, by which I mean luck — to design a site constitution that makes people want to build their online lives at your URL (or in your app). Social networking companies are not technology companies as much as they are community companies."

- The Big Digg Lesson: A Social Network Is Worth Precisely as Much as Its Community

#tech #digg

10 months ago

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  17. This was featured in #Tech
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  19. portentinc said: Was Digg actually sold for $500,000? There seems to be some debate.
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courtenaybird
I lead biz dev & sales at UNION METRICS. We do impact and engagement analytics for Twitter (TweetReach) and Tumblr.


Born and raised in Atlanta, I completed my Master's in Digital Media at Georgia Tech and moved to San Francisco in April 2010 to consult on new media strategy for top companies and consumer brands.

courtenay [at] unionmetrics [dot] com

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