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Report: Digg Publisher Jumps Ship

  • BoomTown, Monday, October 25, 2010 12:48 PM
Digg publisher and Chief Revenue Officer Chas Edwards is heading for the exit, reports BoomTown, citing sources. His next stop? Pixazza, a photo tagging site for advertising, according to BoomTown. Edwards joined the social news site in May of last year from ad network Federated Media. Though "amicable," BoomTown says the departure is further evidence that Digg is "undergoing some turmoil."

Digg recently appointed Matt Williams as its new CEO. "He quickly apologized for the bungled relaunch of the news aggregator and has promised to fix its problems," notes BoomTown. Still, some analysts insist that the five-year-old news aggregator is past its prime, having failed to innovate fast enough to keep up with rival services. To date, the Mountain View, Calif.-based Pixazza has raised about $18 million in funding from Google Ventures, CMEA Ventures, August Capital, Foundation Capital, Shasta Ventures, as well as angel investors Ron Conway, Gideon Yu and Maynard Webb.

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