It looks like Digg is getting serious about beating back some of the competition that has begun to crop up in the social news space. Yesterday, the company that pioneered the user-driven approach to news announced its third funding round, a $28.7bn $28.7m haul led by Highland Capital Partners of nearby Silicon Valley.
The move will double Digg’s coffers, allowing it to double its staff, move to a new headquarters, and expand overseas. Four years after its launch, Digg remains one of the most popular news sites on the web. But its vote-based method for deciding which stories to display on its pages has spread far and wide, with some large media names - most notably Yahoo, with its Yahoo
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