BusinessWeek Story
Hi all - Kevin here,
Wow, crazy week. While we’re honored that BusinessWeek decided to choose digg as their focus and cover story - I just wanted to do a quick post to share some thoughts.
About the headline:
"How This Kid Made $60 Million In 18 Months."
Outside of a regular paycheck, digg hasn’t 'made' me any money – I’m not a millionaire. I assume that their numbers were all based on estimates of the company’s worth.
About digg revenues:
“Digg is breaking even on an estimated $3 million annually in revenues.”
While digg will eventually turn a profit, we are currently not break even. Our philosophy from day one has always been to keep the site lightweight and not bombard users with annoying advertising – something that is very important to us.
As always, our focus is on building a platform that allows you to discover/share news and information in new and exciting ways. Expect to see some pretty amazing new features and tools in the coming months.
Digg on,
Kevin
Wow, crazy week. While we’re honored that BusinessWeek decided to choose digg as their focus and cover story - I just wanted to do a quick post to share some thoughts.
About the headline:
"How This Kid Made $60 Million In 18 Months."
Outside of a regular paycheck, digg hasn’t 'made' me any money – I’m not a millionaire. I assume that their numbers were all based on estimates of the company’s worth.
About digg revenues:
“Digg is breaking even on an estimated $3 million annually in revenues.”
While digg will eventually turn a profit, we are currently not break even. Our philosophy from day one has always been to keep the site lightweight and not bombard users with annoying advertising – something that is very important to us.
As always, our focus is on building a platform that allows you to discover/share news and information in new and exciting ways. Expect to see some pretty amazing new features and tools in the coming months.
Digg on,
Kevin
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