The reboot of the early internet online community Digg, a one-time rival to Reddit, is moving forward. The company, which is today back under the ownership of its original founder, Kevin Rose, along with Reddit co-founder Alexis Ohanian, is launching its open beta to the public on Wednesday.
Similar to Reddit, the new Digg offers a website and mobile app where you can browse feeds featuring posts from across a selection of its communities and join other communities that align with your interests. There, you can post, comment, and upvote (or “digg”) the site’s content.
Originally a Web 2.0-era news aggregation site, Digg was once valued at $175 million in 2008 but was ultimately outpaced by Reddit. That earlier version was split up in 2012, with its largest stake sold to the incubator Betaworks, while LinkedIn and The Washington Post picked up other pieces. This iteration of Digg drew additional investment in 2016 but was later sold to a digital advertising company in 2018.
Meanwhile, Reddit continued to grow as a community-focused site that has since gone public and is currently generating additional revenue from content licensing agreements with major players in AI, including Google and OpenAI.
Image Credits:Digg
However, the rise of AI has presented an opportunity to rebuild Digg, Rose and Ohanian believe, leading them to acquire Digg last March through a leveraged buyout by True Ventures, Ohanian’s firm Seven Seven Six, Rose and Ohanian themselves, and the venture firm S32. The company has not disclosed its funding.
They’re betting that AI can help to address some of the messiness and toxicity of today’s social media landscape. At the same time, social platforms will need a new set of tools to ensure they’re not taken over by AI bots posing as people.
“We obviously don’t want to force everyone down some kind of crazy KYC process,” said Rose in an interview with TechCrunch, referring to the “know your customer” verification process used by financial institutions to confirm someone’s identity.
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Instead, he proposes that Digg should pick up “little signals of trust along the way and bundle them all together into something that’s meaningful.”
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