Thursday, January 26, 2006

Yahoo! is going for the trifecta - will buy digg

Lots of online sources are confirming that Yahoo! is going to announce the acquisition of Digg early next week.

Well, to anyone that has been paying any attention to this space, they should not be surprised. It is the next logical move in Yahoo!'s push into Web 2.0. With the acquisitions of Flickr, del.icio.us, and digg, they would pretty much own the top user generated content sites on the web. Except for BlinkList of course. ;)

Yahoo! has always placed a strong emphasis on the community and I would have to say that an acquisition of Digg is a good move by Yahoo!

So, whether the blogsphere is going crazy with rumors or not, the strategic fit for Yahoo! to go after digg is most definitely there.

However, I am surprised to see more and more web 2.0 companies cashing out this early. There appears to be a new trend that the latest web 2.0 sites are all build to flip. Whatever happened to building something that lasts? Will this wave of innovation produce any new major players or are all the successful sites going to cash out early? I know that we have absolutely no intention of cashing out early, and time will tell how far we will go... :-)
Blink It

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