You really have to give credit to community news sharing site Digg for getting its act together. After the hatchet job that was the latest release of the site (version 4.0), Digg CEO Matt Williams and his team have realized that they have to take drastic measures to bring their lost audience back. This is especially true considering Digg’s once lofty $300 million valuation. Currently, the company sits at a $35 million valuation. It has $1.5 million in debt, and about five more months of runway left.