This post initially misstated Digg's 2007 loss as reported by 'BusinessWeek.' The company reported lost $2.8 million in 2007.
There are some stunning numbers in BusinessWeek about social news site Digg: In 2007, the company reportedly pulled in only $4.8 million in revenue and lost $2.8 million. In the first three quarters of 2008, it lost $4 million on $6.4 million in revenue.
Digg declined to comment on the numbers.
This is a little bit disconcerting, if true. Digg has been one of the hottest start-ups in Silicon Valley's hype machine for the past … Read more