The Fake News Nightly

(San Francisco, CA) In the latest round of financing, Digg.com, which is one of the leading web sites offering users access to the most pointless information on the Internet, was estimated to be worth $175 million. The web site typically provides links, which are provided by users, of the most trivial and useless information, applications, videos, and images on the Internet.

In a press conference announcing the $28.7 million series C investment by Highland Capital Partners, Digg.com CEO Jay Adelson commented, “While it seems that Digg is not Google material, the demand for useless crap seems to have no bounds. Need proof? Would you believe me if I told you that traffic to the site has doubled in the last year; reaching more than 30 million monthly unique visitors?”

The Digg.com web site allows users to vote on which links are a complete waste of time and which are only slightly useless. Adelson added, “We’ve been impressed with the massive drag on US productivity, so with the new infusion of capital, we are going to implement Digg’s international growth strategy, which includes plans to expand Digg into other languages. We are looking forward to offering stupid shit in any language; soon we will have employees all over the world wasting their employer’s time. It’s going to be really cool.” Adelson concluded, “It’s truly amazing that a website with so much crap on it could be worth $175 million.”

Photo Courtesy of Flickr Creative Commons: Thomas Hawk

Trackback URI | Comments RSS