Digg, once one of the shining stars of the social media world, is now a sad shell of of its former self. The once mighty news-sharing service founded by Kevin Rose, has just been snatched up by a small New York City firm called Betaworks for a paltry $500,000, according to the Wall Street Journal. The site still draws roughly seven million visitors a month, but that's a far cry from the more than 30 million is was pulling in during its 2008 heyday. And the pocket change paid for the property pales in comparison to the over $45 million it raised from investors over its lifetime. The sale follows the departure of its most high profile exec, the aforementioned Rose, who is now in charge of Google Ventures. Betaworks plans to revitalize the brand involve folding it into News.me, another social news service, which launched in April of last year. The deal only includes the property itself and the brand -- none of Digg's remaining employees will be making the move to Betaworks. Of course, there were very few left once the Washington Post subsidiary Social Code hired 15 engineers from the floundering service, which accounted for more than half of its workforce.
Update: As it turns out, that "$500,000" figure may not tell the whole story. TechCrunch and AllThingsD are both reporting that there's a lot more to consider besides the cash outlay.
Filed under: Internet
WSJ: Sinking social news site Digg bought by NYC firm Betaworks (updated) originally appeared on Engadget on Thu, 12 Jul 2012 16:53:00 EDT. Please see our terms for use of feeds.
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The gaming public at large has spoken. In less than 12 hours, Yves Behar's Android-based Ouya gaming console has reached its lofty funding goal of $950,000 on Kickstarter. To refresh your memory, the $99 system (which was only $95 for 1,000 swift early adopters) packs a Tegra 3 CPU, 8GB of storage, 802.11n WiFi, Bluetooth 4.0, a USB 2.0 port and an SD card slot -- that price also grants you a single controller with a touch sensor. Most notably, the system is aimed at being extremely developer-friendly, having open hardware and software with a push for free-to-play content. There are only about 5,000 units (out of 10,000) (update: that number has been bumped to 20,000, with just under 10k available) left at the $99 price, so feel free to check out our in-depth chat about Ouya with Behar himself here before you head over to Kickstarter. It appears that the traditional business model for gaming consoles just got rocked, and we can't wait to see the final results.
Update: If you thought that was fast, you'd be right: Kickstarter has confirmed that Ouya achieved the biggest first day ever for one of its hosted projects, and it's just the eighth project ever to crack the million-dollar mark, joining an esteemed company that includes Double Fine's upcoming adventure game and the all-time champion, the Pebble smartwatch.
Ouya's $99 Android-based gaming console meets Kickstarter goal: $950k in under 12 hours (update: it's a record) originally appeared on Engadget on Tue, 10 Jul 2012 16:59:00 EDT. Please see our terms for use of feeds.
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A handful of details briefly slipped out about the project earlier, but now it's here: the Ouya, an attempt not just to delve into the cutthroat world of TV game consoles but to try and shift the goal posts. At its heart, the design sounds more like a smartphone than a gaming rig with a quad-core Tegra 3 and 8GB of storage running Android 4.0. The upscale, RF wireless gamepad's standout is a built-in trackpad for playing mobile games alongside the familiar sticks and buttons -- clever, though not entirely new. But with completely open hardware and software, an emphasis on free-to-play gaming and an all-important $99 price, the system is a gamble by a handful of game industry luminaries that at least a subset of players are frustrated with the status quo enough to want a real break. Read on for the full details, including a Kickstarter project as well as added details from our chat with Ouya (and Jambox) designer Yves Behar.
Filed under: Gaming, Home Entertainment
Ouya's Android-based, hackable game console now official: we chat with designer Yves Behar originally appeared on Engadget on Tue, 10 Jul 2012 07:38:00 EDT. Please see our terms for use of feeds.
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Have you been wondering what Digg co-founder, Kevin Rose, has been up to since joining the Mountain View team a couple months back? Well, AllThingsD is reporting that Mr. Rose has left his duties as senior product manager of Big G's social network in order to make a move to the company's investment firm, Google Ventures. According to the report, the switch has now been confirmed by an undisclosed Ventures spokesperson, although no further details were given at this time. The move itself isn't exactly a surprising one, given Rose's previous, and hefty history of venturing into startups within the industry. Feel free to chime in with your thoughts in the comments section below.
Report: Kevin Rose moving within Mountain View, now a partner at Google Ventures originally appeared on Engadget on Wed, 30 May 2012 18:35:00 EDT. Please see our terms for use of feeds.
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