Social news site Digg has been sold to tech development firm Betaworks for a price rumored to be just $500,000 - despite once having been valued at more than $160 million.
Digg this - the man who created Digg is now working for Google.
Digg's controversial redesign has apparently led to a mass exodus from the once popular site.
Digg users annoyed at the recent changes to the site have managed to flood the home page with links from rival Reddit.
Digg founder Kevin Rose is once again shilling for Steve Jobs and Apple. Yes, indeed, Rose is now claiming that Club Cupertino's revamped set-top box - dubbed iTV - will change the world of television as we know it.
AlterNet is claiming that it has uncovered a "widespread campaign of censorship" executed by a group of "influential" conservative and right-wing Digg members.
The CEO of what was once the most popular socially-driven news site has now dug himself out of the company, leaving Digg's original founder to take the spot as chief executive.
Digg is reportedly preparing to launch a revamped version of its popular service that will allow users to quickly submit "instant" Diggs without logging in.