Kevin Rose, Alexis Ohanian Acquire Digg

Here’s a blast from the past: Digg, one of the web’s early news aggregators, is now back under the ownership of its original founder Kevin Rose. Notably, he’s being joined as co-owner by Reddit co-founder Alexis Ohanian (both pictured above). Digg and Reddit were once fierce rivals in the online social news aggregation space, launching within a year of each other some two decades ago. The two platforms enjoyed similar trajectories in the intervening years, going through various owners and spin-offs. But Reddit’s endurance has been particularly notable, with the company finally going public last year in a bumper IPO and its user-growth has continued trending upwards. Digg, for its part, didn’t stand the test of time quite so well. The company was split into parts in 2012 and sold to incubator Betaworks, with LinkedIn and the Washington Post acquiring some of the assets. Digg later raised a strategic round of funding from USA Today owner Gannett, before landing in the hands of digital ... Read full article.