Digg gets more cash, $8.5 million
Digg has raised another $8.5 million in new funding from existing VCs, Greylock Ventures and Omidyar Network. The company, previously had raised close to $3 million from these two firms, and Marc Andreessen, co-founder of Ning and Netscape.
With the newest version of Digg's service, which includes the ability to post and rate podcasts and video, Adelson said that Digg will be able to maintain its lead position.
Still, new problems have arisen for Digg in the latter half of the year that could spell trouble for the company. News reports have circulated that marketers have been contacting top posters to the Digg site, offering them payment in exchange for posts on Digg's service. Adelson dismisses the talk that his company has been gamed.
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