Betaworks has unveiled its newly reconstructed social news site Digg.
As part of a promise to be kept by new parent company Betaworks, the six-week proposed timetable for the release of its more enhanced news site, labeled Digg v1, has now officially been realized, a day ahead of its original schedule on Tuesday.
Posted on its social news site blog today, Betaworks stressed, “On July 20, we announced that we were turning Digg back into a startup and rebuilding it from scratch in six …

Betaworks has bought social news website Digg for US$500,000 only, a far cry from its US$175 million previous peak value.
Digg has been serving on the internet for seven years as a community based news-ranking website similar to Reddit, but lately it has been having a hard time to keep its once flourishing user base. This skirmish has been going on for a couple of years now and on October 2010, the company decided to pull out one third of its staff as an effort to save the firm.
Just recently, …

Frugalo, a new app launched this week by two former Digg employees, aims to take the headaches out of using daily deal websites. Frugalo, founded in June 2011 and operated by Michael Cieri and Scott Reynolds, is backed by funding from AngelPad.
 

Frugalo helps users manage their daily deals.

The Frugalo app links with your Facebook account so all of your Facebook friends become your Frugalo friends, and connects with your Gmail account in order to import all of your purchases from Daily …

Google is expected to finalize its purchase of fflick this week, for $10mm, in order to acquire the talent which started up the movie review website, along with the “sentiment engine” which is the source of its recommendations.  It is not yet certain whether Google will keep the fflick service going.

Fflick provides movie reviews from you and your friends by using Twitter to drive a movie sentiment and recommendation engine.  Users who want to try the fflick service will find it a very …