Betaworks Buys Digg for $500,000

Digg confirmed Thursday it sold its brand, website and technology to Betaworks. The price is a pittance for a company that raised $45 million from prominent investors including Facebook investor Greylock Partners, LinkedIn Inc. founder Reid Hoffman, and venture capitalist Marc Andreessen.

This is really a sad end to I was a regular visitor to the site before the launch of the “v4” redesign and it all went downhill from there. I’m glad I discovered Reddit.