Digg gets more investments
Social news discussion service Digg has received another round of fresh investments worth $28.7 million.
This news could be a hint that the company aims to stay independent for the time being.
Jay Adelson, Digg’s chief executive said in a statement on the new developments: “That’s part of the message. We want to be [...]

LinkedIn worth USD 1 billion?
Bain Capital Ventures, Sequoia Capital, Greylock Partners and Bessemer Venture Partners have announced an investment in the social networking service LinkedIn.
They are paying close to around $53 million for a 5 percent stake in the company which is used by professionals and businessmen.
This puts the value of the company at an [...]

Jeff Weiner leaves Yahoo for venture firm
Accel Partners and Greylock Partners has revealed that a top Yahoo executive Jeff Weiner is leaving the internet media giant to join them.
He would join the two firms as an executive in residence.
His new position would be applicable from September this year.
With this Weiner has now become the [...]