Valleywag
Digg CEO Jay Adelson told BusinessWeek that the company is not planning a 2008 IPO, holding acquisition talks, or looking for more money. Which is obviously bullshit. That is, unless Digg hired Allen & Company, an investment bank which specializes in media deals, to bolster its ultimate frisbee team.
Emerging briefly from the heaping pile, Adelson did admit that an acquisition would be easier for a company Digg's size than going public. But mostly Adelson was just being cagey. Just like he was a couple of months ago when I saw him in New York. "Why all the Digg coverage? Isn't Digg old news?" he asked me. Why all the complaints, Jay? Getting bored of running Digg?
