Mentioned:
Two of the most important founders in social media are partnering up for a new project. But, why?
What’s happening:
- Reddit (NASDAQ: RDDT) co-founder Alexis Ohanian has partnered with entrepreneur Kevin Rose to acquire Digg
Why it matters:
- Digg was one of the most popular content platforms on the Internet when it first debuted and Alexis Ohanian and Kevin Rose are planning to relaunch Digg imminently with an entirely new design and approach to content
Going deeper:
- Kevin Rose was the original founder of Digg, prior to it eventually being acquired by digital media holding company Money Group
- Alexis Ohanian and Kevin Rose have publicly stated that they plan to leverage artificial intelligence technology for content curation on Digg, as well as community moderation
The fine print:
- It is not yet been publicly disclosed what the terms of the acquisition were or how much Alexis Ohanian and Kevin Rose ultimately paid to acquire Digg
