I guess an Instagram is an official unit of measure now?
I think it’s interesting for relative comparison, as they are two startup sales just a few weeks apart. Also, considering that Google offered $200m for digg (.20 instagrams), which was considered outrageously high just a couple of years ago, it’s interesting to see the rate of inflation apparent in these sales.
For the record, I was merely being facetious. I do agree that it’s quite interesting to note the inflation; what’s also interesting is to see just how much value Digg has lost in the world. There was a time where it might have fetched a much handsomer price. It’s fascinating how the tides of the Internet change.
Like sands through the hour glass, so are the days of our lives.
It is known, so say we all.
So apparently the actual acquisition was closer to $16m. The Washington Post and LinkedIn acquired the Digg team and some IP on top of Betaworks' purchase of the code and domain. (source: http://techcrunch.com/2012/07/12/digg-sold-to-linkedin-and-the-washington-post-and-betaworks/)