Digg, one of the first social media sites, was bought on Thursday by development firm Betaworks for $500,000 – a fraction of its value in the late 2000s. Betaworks has a plan to "take Digg back to its startup roots."
Groupon IPO was poised to raise $25 billion a few months ago. Now, the Groupon IPO is slated for less than half that. Why the change?