October 1, 2007
Kevin Rose: Digg now worth at least $1 billion
This website valuation stuff is getting out of hand. Now TechTV darling Kevin Rose says his script kiddie website called Digg is worth a cool $1 billion. According to Rose, Screech says Facebook is worth $10-$15 billion so Digg must be worth at least $1 billion. Never mind the fact that half of Digg's "registered users" submit one or two articles and then never come back. And never mind the fact that the other half of the registered users -- the ones who actually do use Digg -- are males under the age of 9 who have no purchasing power whatsoever. Their balls haven't dropped and they digg anything with the words "pwn" or "digg" or "Kevin Rose" in the title. But the fact that they digg stuff like that is a good thing according to Kevin. The web is growing up and tastes are changing and people are evolving. Don't you know? It's a new media thing. That is, until CBS or Rupert buys Digg. Then it will be an old media thing.
UPDATE: Kevin just called and thanked me for the plug. He said he's going to digg my blog in the hopes that somebody with a fat wallet will see this entry and give him a ring. He also wanted me to say that he'll throw in Revision3 and Pownce for another $3 billion. Um, yeah.