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by Greg Cruey on January 24, 2009
A couple of sources (Mashable, TechCrunch, Hitwise) are reporting on the layoffs at Digg.
Call it seven people or call it 10% of their work force. It comes at the same time that Twitter is evidently passing Digg in market share. From TechCrunch:
Photo courtesy of iStockphoto, Image# 3151960
Call it seven people or call it 10% of their work force. It comes at the same time that Twitter is evidently passing Digg in market share. From TechCrunch:
The paring back at Digg comes along during a brutal advertising recession, and flattening growth at the site. In the U.S., Digg attracted 6.8 million unique visitors in December, up only 2 percent since its last peak in July (comScore numbers).Mashable pointed out that while Digg has yet to turn a profit, the company still has plenty of cash on-hand. They raised $28 million in fresh funding in September.
Photo courtesy of iStockphoto, Image# 3151960
Permalink: Digg Downsizes
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/141843
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