More bad news for Digg. Earlier today we broke the news that Digg was having a large wave of layoffs that cut 37% its staff, which came alongside the exit of Chief Revenue Officer Chas Edwards. We’ve just confirmed that Digg has also seen another departure from its executive team: Chief Financial Officer John Moffett recently left the company.
Moffett wasn’t a recently appointed executive hire — he’s been with Digg for nearly five years, which means he’s been there for most of the company’s history (it launched in 2004). According to his LinkedIn profile, Moffett has served as Digg’s CFO since 2005, and has led the company’s “financial, legal, and human resource initiatives as part of the executive team.”
John Moffett served as Digg’s CFO from 2005 through 2010. He now works at Vizu.
Digg is a user driven social content website. Everything on Digg is user-submitted. After you submit content, other people read your submission and “Digg” what they like best. If your story receives enough Diggs, it’s promoted to the front page for other visitors to see. Kevin Rose came up with the idea for Digg in the fall of 2004. He found programmer Owen Byrne through eLance and paid him $10/hour to develop the idea. In addition, Rose paid $99...