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Social news site Digg rises from ashes

SAN FRANCISCO — Digg, the once high-flying social news site, relaunched Wednesday under new ownership after a six-week rebuilding. The newly launched site for Digg is “turning it back into a startup,” the Digg team said in a blog post. “With this launch, we’re taking the first step towards (re)making…

Internet media firm Betaworks buys social news site Digg

SAN FRANCISCO — Faded social news star Digg announced Thursday that it has been bought by online media company Betaworks in a move aimed at reviving the firm’s cache. The terms of the deal were not disclosed but online reports estimated the purchase price at $500,000. Betaworks said in a…

Google hires Digg’s Kevin Rose

Google confirmed Friday that it has hired Digg co-founder Kevin Rose and other members of the team at his latest project, Milk, an incubator for startups making “apps” for mobile gadgets. The 35-year-old serial entrepreneur considered a Silicon Valley star will evidently be putting his skills to work on the…