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Reddit was born of Digg's ashes: https://en.wikipedia.org/wiki/Digg

"After a controversial 2010 redesign and the departure of co-founders Jay Adelson and Kevin Rose, in July 2012 Digg was sold in three parts: the Digg brand, website, and technology were sold to Betaworks for an estimated $500,000;[9] 15 staff were transferred to The Washington Post Company's "SocialCode" for a reported $12 million; and a suite of patents was sold to LinkedIn for about $4 million."



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