After a year and a half, Chas Edwards is exiting Digg as its chief revenue officer to join photo ad network Pixazza. The departure comes amid a wider change in Digg’s “product focus” along with plans to layoff 25 staffers, or roughly 37 percent of its employees, according to a…

Digg, which has been in tumult since the departure of long-time CEO Jay Adelson in April, is turning to an Amazon (NSDQ: AMZN) executive to turn it around. The news aggregator has hired Matt Williams, the general manager of consumer payments at the e-commerce company, as its CEO. Williams has…

Digg, which saw the departure of longtime CEO Jay Adelson a month ago, is now laying off 10 percent of its staff. In an e-mail sent to employees, founder Kevin Rose says the layoffs are necessary for the “long-term health” of the business. The job cuts—Digg’s second round of layoffs…

Longtime Digg CEO Jay Adelson is stepping down, saying in a blog post that went live just now that he is “ready to incubate some new business ideas.” He’s being replaced temporarily by founder Kevin Rose. Adelson, who has been CEO since 2005, emphasizes that he’s leaving because the site…

News sharing site Digg is taking a step toward creating an ad network that will include outside websites, Adweek reports. It’s a next step up from the cost-per-click program Digg instituted this summer, when the site interspersed ads among the streams of story posts. Like its posts, users were also…

Social bookmarking site Digg is cutting 10 percent of its 75 person staff. CEO Jay Adelson addressed the “headcount reduction” in a blog post; WebWare’s Rafe Needleman confirmed the percentage. Adelson said the layoffs were needed to help Digg achieve profitability this year. But he also said the company would…

Digg says it is not for sale anymore. Really? How many times have we heard that one before? With a $29 million round recently, that was all but decided then. But wait until the next time someone floats a trial balloon through Techcrunch. For now, with no one coming forward…

It looks like perpetually almost-for-sale social news site Digg is going to stay solo for awhile… The SF-based company has just announced a big, $28.7 million third round led by Highland Capital Partners. The company has now raised $40 million, having last raised $8.5 million in late 2006. The current…

This week, social news site Digg and its community got a lesson on Kenneth Arrow’s Impossibility Theorem, which basically states that no voting system can perfectly reflect the preferences of the voters. The site instituted an algorithm change designed to prevent its front page from being dominated by submissions from…

While the Digg acquisition deal is still being worked on by various interested parties, it has tied up with CBSNews.com, whereby the news site will add political news and analysis from across the Web/Digg to its coverage of presidential elections. “Throughout the primary and general election, headlines from campaign and…

Over the holidays, the rumors about the sale of Digg, the social news site, cropped up again, like many times before. Only this time, it has hired Allen & Co as its bank, and is doing the rounds seriously. We have confirmed that the usual suspects like Yahoo (NSDQ: YHOO),…