Digg, the San Francisco-based news discovery service and one of Silicon Valley’s more prominent start-ups of late, said in its company blog today that it would cut its 75-person workforce.

A company spokeswoman told BoomTown the cut would be about 10 percent, but would not give out a specific number of employees to be let go.

In addition, Digg noted it would be aiming to cut costs and be profitable in 2009. It will also be hiring a direct sales team.

In other words, revenue does matter too, Web 2.0!

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Last night, BoomTown loaded the kids into the car–you try finding a sitter on a Tuesday night!–and went early to a pair of dot-com parties being thrown at some trendy spots in San Francisco related to the Web 2.0 Expo taking place this week.
Our quest was to find out what some savvy Web 2.0 types [...]

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At some point and sooner than later, if I had to make a bet, Digg will be sold. And, likely as not, the most likely owner for the popular new site is Google.

And it is no real secret in Silicon Valley that the pair have been talking on and off for a while now, as Google mulls where to take Google News and Digg ponders how it can grow and improve its reliability by being linked to the largest and most neutral company it can.

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“Completely inaccurate” does not even begin to get to the heart of the problem, but we’ll get to that later.

First, let’s see if we can sort this latest rumor about the acquisition fever wafting around the popular Digg news site, published by TechCrunch last week.
Its take: That Digg has been pitching itself for sale using [...]

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I am at a new conference organized by August Capital’s David Hornik called The Lobby on the Big Island of Hawaii.
It is thick with Web 2.0 players, all here to interact and discuss issues, although without a formal program that is so typical of most Internet conferences.
In other words, the schmoozing in the halls [...]

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Yes, I meant it when I said that too much of the Facebook environment these days was like being present at a loud Wiggles concert in the kid mosh pit–and I have been there, so believe me.

Except, in the case of the hot social network, the Wiggles never ever stop wiggling. Or SuperPoking. Or Cartoonifying. [...]

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Fine, call me a grumpy old lady, because I don’t want to pass around a toasty complex carbohydrate globally.

Right now on Facebook, I have been trying to decide what to do near on two weeks or more, after receiving a “Hot Potato” tossed to me by my old boss, Washington Post Co. CEO and Chairman Don Graham.

For those who don’t know what a digital Hot Potato is: It is an widget (also called a third-party app) created by a very nice-looking group of guys at a design outfit called Hungry Machine for the Facebook platform.

“You have to pass it on and watch it travel around the world. 27,012 other people did!”

With all due respect to Don Graham (who is a mentor of Facebook founder Mark Zuckerberg, by the way), Hungry Machine and all world-trotting spuds, I don’t think so.

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What is Om Malik going to announce at his party tomorrow night at the M. H. de Young Museum in San Francisco?

Valleywag wanted to know what the well-known tech blogger was up to, so we will tell them: an online television interview and analysis show on Revision3 called “The GigaOm Show.”
Along with tech lawyer [...]

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