Tuesday, December 2nd, 2008...12:47 PM
Digg On The Move
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In a story released today in BusinessWeek, Jay Adelson, Digg’s CEO, says that the popular news aggregation Web site is focusing on profitability. I would bet that Digg will also move to the acquirer role here as well so that it can deploy some of the $28.5 million it raised from from Highland Capital Partners, Greylock Partners, Omidyar Networkand SVB Capital and this past summer. Digg is great for sharing and also seeing what is hot. Look for more good things on the horizon with this focus.
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