Techmeme
July 14, 2012, 11:00 AM

Top News

Om Malik / GigaOM:
In Memoriam: Even in losing, how Digg won  —  The Digg Townhall meeting broadcast live from the Democratic National Convention in Denver, Colorado.  2008. Photo courtesy of Eric Magnuson, via Flickr  —  Having spent a major part of the week sitting on a beach, practically disconnected …
Aubrey Sabala / TechCrunch:
Thumbs Up: Digg Wasn't A Failure, It Was A Beginning  —  “Don't let him climb a wall.  We haven't finalized his life insurance plan.”  —  That was one of the first directions I was given at Digg when I started in early 2008.  “Him” was Kevin Rose, the founder of the widely popular social news site, and I was on my third day.
Paul Tassi / Forbes:
Facebook Didn't Kill Digg, Reddit Did  —  Yesterday's news that social media site Digg had been sold for $500K was at the same time shocking, and not surprising at all.  The news was somewhat expected at some point given the site's steep decline in popularity and visitors over the past few years.
Spencer E. Ante / Digits:
Kevin Rose: Digg Failed Because ‘Social Media Grew Up’  —  In his first interview since the remains of fallen social media Digg star were sold to Betaworks, Digg's founder Kevin Rose said he sold some company shares during the its venture-capital financing rounds but “did not make a lot of money.”
Dalton Caldwell:
Announcing an audacious proposal  —  The overwhelmingly positive response to my blogpost, What Twitter could have been has been inspiring.  The post has generated 80K pageviews thus far.  Without really meaning to, I touched a nerve.  The responses to my post largely fell into two camps.
Ryan Holmes / Fortune:
The Facebook tweak that killed a billion-dollar industry  —  Facebook is known for operating in a perpetual beta state, making major changes not infrequently.  Problem is, that can stifle a quickly growing niche.  —  FORTUNE — Mark Zuckerberg is famous for keeping Facebook (FB) in a state of permanent beta.
Salvador Rodriguez / Los Angeles Times:
David Kravets / Wired:
Millions Will Flow to Privacy Groups Supporting Weak Facebook Settlement  —  Privacy and consumer groups are urging a federal judge to sign off on a controversial Facebook settlement over its “Sponsored Stories” advertising program which will net them a combined payout of $10 million …

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