Right here’s a blast from the previous: Digg, one of many net’s early information aggregators, is now again below the possession of unique founder Kevin Rose. Notably, he’s joined as co-owner by Reddit co-founder Alexis Ohanian (each pictured above).
Digg and Reddit have been as soon as fierce rivals within the on-line social information aggregation house, launching inside a 12 months of one another some twenty years in the past. The 2 platforms loved comparable trajectories within the intervening years, going by means of varied homeowners and spin-offs. However Reddit’s endurance has been most notable, as the corporate lastly went public final 12 months in a bumper IPO and its user-growth has continued upwards within the following months.
Digg, for its half, hasn’t stood the take a look at of time fairly so effectively. The corporate was split into parts in 2012 and bought to incubator Betaworks, with LinkedIn and the Washington Submit buying among the belongings. Digg later raised a strategic round of funding from USA As we speak proprietor Gannett, earlier than landing in the hands of digital advertising company BuySellAds which acquired a majority stake in 2018.
A ‘contemporary imaginative and prescient’
Digg by no means soared to the identical heights as Reddit, which is why Rose and Ohanian have now joined forces to “revive” the platform with a “contemporary imaginative and prescient to revive the spirit of discovery and real neighborhood that made the early net a enjoyable and thrilling place to be,” in keeping with a press release issued as we speak.
Rose says that he has been approached “at varied instances” by means of the years with a view towards shopping for Digg, noting that it by no means felt like the proper time.
So why now? It’s a mix of causes, in keeping with Rose, who says that the present social media panorama has turn into poisonous, messy, and riddled with misinformation — with AI well-placed to handle that.
“Only recently we’ve hit an inflection level the place AI can turn into a useful co-pilot to customers and moderators, not changing human dialog, however moderately augmenting it, permitting customers to dig deeper, whereas on the similar time eradicating quite a lot of the repetitive burden for neighborhood moderators,” Rose mentioned.
Ohanian, for his half, has dipped out and in of Reddit by means of the years, originally leaving in 2009 earlier than returning as chairman in 2014 after which stepping down from the board altogether in 2020. And simply this week, Ohanian joined Frank McCourt’s bid to purchase TikTok’s U.S. enterprise.
“On-line communities thrive when there’s a steadiness between know-how and human judgment,” Ohanian mentioned. “We’re bringing Digg again to make sure that steadiness exists. Kevin and I are right here to construct one thing higher than what social platforms are providing as we speak. AI ought to deal with the grunt work within the background whereas people give attention to what they do greatest: constructing actual connections.”
Each Rose and Ohanian have invested in different corporations by means of the years, as people and thru institutional funds. This expertise has now intersected, with True Ventures, which counts Rose as a associate; and Ohanian-founded Seven Seven Six investing in Digg.
Whereas Rose will function Digg chairperson and advisor, and Ohanian will sit on the board, the brand new incarnation will probably be led by CEO Justin Mezzell, a “longtime collaborator” of Kevin Rose and “seasoned product design chief,” in keeping with the press launch..
A brand new model of the Digg platform is touted for launch quickly, with invitations being rolled out within the coming weeks.
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