Marco Arment, the creator of the "read later" app, decides to step back and let startup-launcher Betaworks take control.
The once-immensely popular social news site has been purchased by New York-based Betaworks, and will live on next to daily news digest service News.me.
Emergency database will let dead URL shortening services--or at least their short URLs--come back to life.
After its buyout by Betaworks just a few weeks ago, a completely redesigned-from-scratch Digg will launch later this week.
Can Digg make a comeback under the leadership of the Betaworks team? Or is it a house whose foundation is permanently broken?
Just six weeks after Betaworks announced a complete makeover of the ailing news aggregator, the site is up and running, with a streamlined home page and Facebook and Twitter integration.
Betaworks has launched the Digg v1 release that was promised earlier this week, managing to toss out eight years' worth of history into the bargain.
Spark Capital leads the funding round with contributions from Betaworks, Ron Conway, and Marc Andreessen.
Once valued at over US$160 million, the social news aggregator has finally sold for just a fraction of that sum.
Digg's new owners say they're rewriting the site from scratch, and will have a brand-new version of it up by August 1.