Skip to Content
Uncategorized

Digg’s Buyer Dishes on Revamped Site

The CEO of Betaworks, which bought content aggregator Digg, explains why the site had to be retooled so quickly.
August 14, 2012

You may have noticed social content aggregation site Digg’s recent facelift, which was unveiled this month shortly after its purchase by technology investment and development company Betaworks was announced in July. And behind the scenes, things have changed, too.

Betaworks CEO John Borthwick told me in a recent interview that it was necessary to get the new version of Digg up and running quickly because it was so expensive to run the existing site–it cost about a quarter of a million dollars each month, he said. Borthwick said he was confident that if they rewrote the site from scratch to make its code more efficient and made changes like not having proprietary infrastructure and switching from a dedicated hosting center to using Amazon Web Services, it could be run for $15,000 a month.

Now, he said, “we’ve just got lots more flexibility.”

Borthwick also called the $500,000 Betaworks paid for Digg a “fairly good price.” Indeed, it’s just a smidgen of the more than $160 million Digg was thought to be worth at one time in 2008 and of the $45 million that was invested in the site over the years.

Keep Reading

Most Popular

images created by Google Imagen
images created by Google Imagen

The dark secret behind those cute AI-generated animal images

Google Brain has revealed its own image-making AI, called Imagen. But don't expect to see anything that isn't wholesome.

AGI is just chatter for now concept
AGI is just chatter for now concept

The hype around DeepMind’s new AI model misses what’s actually cool about it

Some worry that the chatter about these tools is doing the whole field a disservice.

Hoan Ton-That, CEO of Clearview AI
Hoan Ton-That, CEO of Clearview AI

The walls are closing in on Clearview AI

The controversial face recognition company was just fined $10 million for scraping UK faces from the web. That might not be the end of it.

spaceman on a horse generated by DALL-E
spaceman on a horse generated by DALL-E

This horse-riding astronaut is a milestone in AI’s journey to make sense of the world

OpenAI’s latest picture-making AI is amazing—but raises questions about what we mean by intelligence.

Stay connected

Illustration by Rose WongIllustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at customer-service@technologyreview.com with a list of newsletters you’d like to receive.