Digg Gains Another $8.5 Million

Dec 29, 2006 | 2,360 views | by Navneet Kaushal
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Digg, the social networking site that gathers blog posts, social bookmarks and web 2.0 content, has raised another $8.5 million from two of its existing investors, Greylock Partners and Omidyar Network. So, why it is news in the blogosphere?

Red Herring reports that Digg will continue to operate as an independent news site. It is not going to be owned by News Corp, as of now. Earlier, News Corp has discussed with Digg to acquire the site for about $200 million. Digg has now good financial back-up. During the last fall, it has got nearly $2.8 million from Greylock Partners and Omidyar Network.

4.thumbnail Digg Gains Another $8.5 Million

Navneet Kaushal

Navneet Kaushal is the founder and CEO of PageTraffic, an SEO Agency in India with offices in Chicago, Mumbai and London. A leading search strategist, Navneet helps clients maintain an edge in search engines and the online media. Navneet's expertise has established PageTraffic as one of the most awarded and successful search marketing agencies.
4.thumbnail Digg Gains Another $8.5 Million
4.thumbnail Digg Gains Another $8.5 Million