Kevin Rose has stepped down from Digg, he confirmed Friday evening via Twitter.
"Wow, tons of questions - I'll confine advising Digg/ on the board of directors, & taping Diggnation (as I have been since [CEO Matt Williams] joined)," Rose tweeted.
TechCrunch's Michael Arrington originally broke the story. According to Arrington, Rose is leaving Digg to focus on a new startup he's founded. In fact, Rose is closing out a $1 million funding round for the new company.
Rose founded Digg in 2004. However, the last year wasn't exactly smooth sailing for the company. Former CEO Jay Adelson left Digg in April after he and Rose had a falling out, Arrington said. Rose took over the post briefly, until former Amazon exec Matt Williams was hired as Digg's new chief.
But Digg's issues have been more than managerial.At its peak, the link-sharing site had more than 40 million unique monthly visitors. In August, Digg rolled out the somewhat controversial version 4 update. The redesign was intended to curb the overwhelming authority of the dominant power users, but it was immediately hit with bugs and delays, as well as the disdain of some long-time users.
Reddit, the social news site, reported that it's been experiencing tremendous growth in 2010. This last December, the site served 829 million pageviews, serving 44.1 trillion bytes from it's 119 servers, up around 230% since the beginning of the year. There's no doubt that Digg, which used to hold up the fort with 200 million pageviews back this summer, is partly responsible, since its failed revamp led to drops in its viewership and job cuts at the company. Reddit also announced that they will be doing votes for best of 2010, such as submission of the year and comment of the year.
Read More | Reddit
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