Digg to be reborn on August 1

Digg is dead. But keep an eye out on that grave, because new owner Betaworks plans to resuscitate the once famed social news site. The company will unveil its surgically remastered machination on August, 1, less than two weeks from today.

Facebook Interest Lists: The social newspaper done right

Steal from the best, but make it your own, as the saying goes. Facebook has done just that by co-opting two concepts made popular by others in an effort to make its social network the first place people go to consume the news they care about.

msn-now-halle-thumb2

New Microsoft trend aggregator reveals we are all horrible people

Would you trust the masses to tell you what stories are important? A new site from Microsoft called msnNOW shows you what topics are trending right this very second so you don’t have sort through hundreds of RSS or Twitter feeds. It combs Facebook, Twitter, Bing, and BreakingNews.com to surface the stories getting the most social buzz.

With layoffs and top execs gone, Digg needs to redesign its business, too

Social news aggregator Digg laid off more than a third of its staff Monday in the wake of a failed redesign, and its top sales and finance executives left — suggesting that more than just the website’s look and feel need fixing. In a post on the company blog, new CEO Matt Williams claimed the cuts, affecting 25 out of 67 employees, were needed in order to achieve profitability by mid-2011.

Digg founder: We let Digg stagnate

Digg, the pioneering social-news site which lets users vote on top headlines, began to lose momentum during the recession because it pulled engineers from designing new site features to work on improving revenue, founder Kevin Rose said today.