None of Digg's remaining employees will join Betaworks as part of the acquisition. Chief Executive Matt Williams will join venture capital firm Andreessen Horowitz as an entrepreneur-in-residence.
By the end of 2008, Digg was one of the most popular websites on the planet, boasting nearly 30 million monthly visitors, according to ComScore. But the audience started to drift away in early 2010 as services such as Facebook and Twitter exploded in popularity, as users preferred getting article recommendations from their friends or people they followed.
There were badly received redesigns and competitors like Reddit.
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