Previously valued at $160 million in 2008, Digg's decline led to its acquisition by Betaworks for about $500,000 in 2012. The new vision for Digg is encapsulated in its catchphrase, "The front page of the internet, now with superpowers," and the platform is preparing for a relaunch, inviting users to sign up for early access.
Key takeaways:
- Reddit co-founder Alexis Ohanian and Kevin Rose have repurchased Digg, aiming to rebuild it with a focus on community-driven experiences and AI innovations.
- The acquisition is supported by venture capital firms True Ventures and Ohanian's Seven Seven Six, with the purchase amount remaining undisclosed.
- Ohanian and Rose plan to introduce new features leveraging modern technology to enhance transparency, creativity, and community partnership.
- Digg.com is teasing its relaunch with the tagline "The front page of the internet, now with superpowers," and is inviting users to sign up for early access.