Approximately 75 million of mobile users created more than 2 million magazines and now they are given the possibility to do the same with the Internet browsers, company's CEO, Mike McCue announced.
Continuing their series of taking over smaller companies, Yahoo has announced that it will now acquire Summly Company which specializes in the collection and presentation of news. Summly was founded by 17-year old Nick D'Aloisio two years ago from his home in London, the company has specialized in the collection and sorting of news and adjustment for display on mobile phones.
Digg is officially back online and already it is off to a bad start. The newly reinvented page has decided that instead of using their own login procedure they are going to require people to log in with Facebook. This is probably one of the worst things that Digg could have done. Almost anything would have been preferable to using Facebook for the login path. Digg’s excuse of doing this to limit spam is not going to fly with many people either as there are a number of methods to prevent spam and still allow people to setup their own accounts.
So Digg will be re-launching on Wednesday August 1st with a completely new design and a more image friendly interface (according to the developers at Betaworks). Right now the question on everyone’s mind is will the new redesign and focus make any difference? A reinvented Digg faces massive competition from sites like Reddit, Facebook and even Google+ so how will this new social sharing site fare?
The big news story today is of the purchase of social news sharing site Digg to Betaworks for the small sum of $500,000. The world was shocked at this number considering the massive impact that Digg once had. When they first launched they were THE way to share your content on the internet. Unfortunately Digg has had a series of bad management decisions as well as facing serious competition from rivals like Reddit, Stumbleupon and others. However, the story behind the $500k price tag might not be complete as new information has come to light about the way the company was sold in parts to different buyers.