Digg sold for $500,000, making MySpace, Friendster deals look good

Digg which was once a prominent Internet start-up, sold for just $500,000, making the acquisitions of other fallen Web giants look respectable. Digg raised $45 million from its investors since launching in 2004, but now, its brand, website and its technology have been reportedly sold for a sliver of that to Betaworks, a technology development firm.