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Digg gets $28.7M boost, plans to double size, go global

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Digg gets $28.7M boost, plans to double size, go global
Topic: Tech Industry 3:44 pm EDT, Oct 20, 2008

Not everyone is planning layoffs ...

Tapping into a $28.7-million round of fresh venture capital, Digg.com will embark on a major expansion over the next year, with plans to double its staff from 75 to 150 as well as relocate to a San Francisco headquarters roughly three times the size of its current offices. Among the site's development plans will be the addition of international and multilingual interfaces to the existing site and a renewed shift in personalizing content for individual users.

Adelson was not specific about Digg's next round of features, but in this video from the Web 2.0 Expo, Adelson spoke at length about what he called "Hyper-personalization," a model that, instead of showing users the most popular stories, would make guesses about what they'd like based on information mined from the giant demographic veins of social networks. This approach would essentially turn every user into a big Venn diagram of interests, and send them stories to match.

Adelson said Digg had not yet deployed local views of the content, but that it was in the planning stages. "We do believe the implicit groupings of users and interests that we use in the recommendation engine will certainly play a role in the future of Digg and how we can address localities and topics."

Digg gets $28.7M boost, plans to double size, go global



 
 
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