Digg

  • Digg Sold To LinkedIn AND The Washington Post And Betaworks

    Digg Sold To LinkedIn AND The Washington Post And Betaworks

    Sun Valley aside, the story of the day today is that social news site Digg has sold its remaining assets for $500K to the NYC-based tech firm Betaworks; While that number is indeed in the ballpark, we’re hearing from multiple sources that the total price of the Digg acquisition was around $16 million, including the price paid for IP by a previously unreported acquirer, LinkedIn. Read More

  • Updated: Betaworks Acquires Digg (For Significantly More Than $500K)

    Updated: Betaworks Acquires Digg (For Significantly More Than $500K)

    Betaworks, the company behind bit.ly, news.me, Chartbeat and a number of other successful products, has acquired the social news site Digg.com for an undisclosed amount (rumor has it that the price was just $500k). Betaworks’ founder John Borthwick will become the new CEO of Digg. The site’s current CEO Matt Williams will join Andreessen Horowitz as Entrepreneur in Residence after… Read More

  • It’s Official: 15 Digg Engineers Are Joining Washington Post’s SocialCode

    It’s Official: 15 Digg Engineers Are Joining Washington Post’s SocialCode

    Another bit of closure for Digg as the company continues to look for a buyer of its technology and its site: its engineering team is joining SocialCode, the social media advertising and analytics subsidiary of the Washington Post Company. We first wrote about the engineers getting hired by WaPo on Monday, when rumors began to swirl that the newspaper group had bought Digg. Now the news has… Read More

  • Digg Experiments With Topic Newsrooms, Aggregates News By “Most Meaningful” Stories

    Digg Experiments With Topic Newsrooms, Aggregates News By “Most Meaningful” Stories

    With 17 million monthly uniques at its disposal, news aggregator Digg, which is attempting to overcome the user exodus caused by its unpopular Version 4 redesign in late August 2010, needs to find a way to keep its usership engaged, and to grow. It’s solution? The Topic Newsrooms beta, which separates news into top categories like Technology, Entertainment, World News and even topics… Read More

  • Digg Raises An Inside Venture Round

    Digg Raises An Inside Venture Round

    Digg has raised a new round of financing, we’ve confirmed. It’s an inside round, meaning one or more existing investors put in the money. We’ve heard the amount raised was single digit millions, probably around $5 million. CEO Matt Williams has confirmed the financing to us, but won’t give an exact number on the amount raised. Read More

  • Renren: Big but not the Facebook of China

    The Financial Times yesterday reported on the upcoming IPO of Chinese social network Renren.com:  The strong interest [in Renren's IPO] stems from the fact that there is no major social media or social networking company open to public investment. With a Facebook IPO at least a year off, many investors are keen for a slice of “the Facebook of China”. The offering is set to price… Read More

  • Milk: Kevin Rose's New Company Aims to Solve Big Problems on the Mobile Web

    Milk: Kevin Rose's New Company Aims to Solve Big Problems on the Mobile Web

    Well by Silicon Valley standards, that certainly wasn’t a long “stealth” period. Just weeks after he quit Digg, Kevin Rose is announcing details of his new startup. Knowing Rose, I can tell why he’s so excited to get started. He’s constructed a company that plays perfectly to his strengths in the early days– but will test his weaknesses long… Read More

  • Interview With Digg CEO Matt Williams On Future Of Digg

    I spoke with Digg CEO Matt Williams today about the departure of founder Kevin Rose to work on a new startup, and where Digg goes from here. Williams is extremely bullish on Digg. Traffic stabilized in January, he says, at about 20 million unique monthly visitors. The company has just 35 employees, he says, after 40% layoffs late last year. With the decreased burn rate the company is… Read More

  • RIP Digg.

    Startups in Silicon Valley are like old generals. They don’t die anymore, buoyed on life-rafts of lingering venture capital and modest revenues. They just fade away, eventually purchased for assets that are a shadow of their former promise. It’s pretty clear that Digg is on that path. The company isn’t dead, but it’s been fading away for a while, and its soul is all… Read More

  • Kevin Rose Resigns From Digg, Closing Round On New Startup

    Kevin Rose Resigns From Digg, Closing Round On New Startup

    Wow, when I wrote last night that Kevin Rose doesn’t really use Digg anymore, I had no idea how perfect the timing was. It turns out Rose really has tuned out. Because, say multiple sources, he’s already resigned from the company and is closing a $1+ million financing round for a new startup he’s founded. Rose first launched Digg in December 2004. The service was an instant… Read More

  • Not Even Kevin Rose Really Uses Digg Anymore

    How bad are things at the once-mighty Digg these days? Not so good. It’s been months since Digg relaunched in August in a quest for relevance. They had 18 million unique worldwide visitors that month according to Comscore. That dropped to just under 12 million in January, a 33% drop in just five months. Everything official coming out of Digg says things are great and that a the company… Read More

  • Digg Hires Vast And Coremetrics Alum Ben Folk-Williams As New VP Of Engineering

    As we wrote in late November, Digg’s longtime VP of Engineering John Quinn joined flash sales giant Gilt Groupe. Today, Digg is announcing his replacement—Ben Folk-Williams. Folk-Williams was previously VP of Engineering at search and listings company Vast.com, and prior to that, led engineering at analytics startup Coremetrics, which was acquired by IBM last June. Read More

  • Mike Maples: Why I Don't Go for the Flip and the Three Deals that Got Away (TCTV)

    Floodgate’s Mike Maples came in the studio yesterday to pre-tape an episode of Ask a VC, and while we had him here we picked his brain about the state of the venture industry. We started by talking about why his firm, Floodgate, is out of step with the broader Super Angel movement. Not only does Maples not believe you can make money through a spray-and-pray-and-flip approach, he… Read More

  • The Age Of Relevance

    The Age Of Relevance

    What’s the Next Big Thing after social networking? This has been a favorite topic of much speculation among tech enthusiasts for many years. I think we are already witnessing a paradigm shift – a move away from simple social sharing towards personalized, relevant content. The key element of the next big thing is the increasing significance of the Interest Graph to complement the… Read More

  • In A Step Back Towards V3, Digg Ending RSS Submissions For Publishers

    In a step back towards the old Digg, Digg Product manager Mike Cieri just sent out an email to partner publishers stating the intent to remove the RSS submitted stories feature. For those of you that remember, the RSS submission feature was how stories from the Reddit publisher account on Digg were sent to the Digg front page in an act of rebellion against the V4 redesign of the site last… Read More

  • The Myth Of Serendipity

    Editor’s note: Henry “Hank” Nothhaft, Jr. is the co-founder and CMO of Trapit, a virtual personal assistant for Web content still in private beta that was incubated out of SRI and the CALO project (as was Siri, the conversational search engine bought by Apple). One of the most interesting concepts to emerge in media and tech lately is that of… Read More

  • SimpleGeo Hires Former Digg CEO Jay Adelson

    SimpleGeo Hires Former Digg CEO Jay Adelson

    Jay Adelson, the CEO of Digg until April 2010, just landed in a new position. He’s taking over as CEO of location services startup SimpleGeo, and will join the company’s board of directors. Founding CEO Matt Galligan will become the company’s Chief Strategy Officer. SimpleGeo, which has raised nearly $10 million in venture capital, allows companies to add location features… Read More

  • Digg's 'Breaking News' Feature Is Another Win For Human Editors

    In a  pivot away from the “voice of the crowd” philosophy central to Digg’s early culture, the social news site has launched a human curated feature called “Breaking News” which spotlights top stories selected by Digg staff. As of today you can find Breaking News in red widgets labeled Breaking News to the right of the Upcoming, My News, and Top News sections on… Read More

  • Digg's Big 30 Percent Drop

    Digg's Big 30 Percent Drop

    It’s been a difficult couple of months for Digg. The crowdsourced news site pushed out a major new design at the end of August which met with a lot of criticism and broken axles. There was literally a user revolt and things deteriorated so rapidly that earlier this week the company had to let go more than a third of its employees. How bad did it get? Here’s one data point… Read More

  • Digg Says Internal Accounts Were For Testing Purposes, Not Gaming Its Own System

    Digg just can’t get a break. On the heels of news that the company had to lay off 37% of its staff and saw the departures of both its CRO and CFO, last night a report surfaced alleging that Digg was gaming its own system, ostensibly to favor certain partners. If true, this would have further undermined user trust in the site’s democratic voting system, and the evidence was… Read More