Digg CEO Jay Adelson Steps Down, Possibly Out Of Conflict

Posted Apr 6, 2010

Digg.com receives about 37 million unique visitors per month making it a top 20 website [Compete.com]. Jay Adelson has been the CEO of Digg.com for years, but the original concept was created by Kevin Rose. Eventually this became a conflict and so Adelson announced that he is stepping down from the company. ?One of us will leave the company,? said Kevin Rose in a conversation with Michael Arrington.

Kevin Rose has not been seen regularly around the office “in about a year” according to a Digg source. Keval Desai was managing the product mostly. Desai joined Digg from Google last November.

Kevin Rose will be filling in Jay Adelson’s role as the CEO of the company that he had built from the ground up. One of Rose’s frustrations includes the fact that the company has no iPad strategy, but many other media companies have already jumped on board. [TechCrunch]

Below are the official statements made by Kevin Rose and Jay Adelson:

Update from Jay:

Hey all,

Got some news. After five years, forty million users, and an amazing
ride, I?ve decided to step down as CEO of Digg. With the new Digg
getting ready to launch, Digg Ads doing well, our sales force growing,
our hiring ramping, and the company maturing well beyond its startup
phase, I feel that now is the right time.

The entrepreneurial calling is strong, and I am ready to incubate some
new business ideas over the next twelve months. As the economy exits
a very deep recession, I believe that it is an excellent time for new
companies to develop. Of course, I will continue to serve as an
adviser to Digg. In the interim, Kevin has agreed to step in as
Chairman and CEO.

I?d like to thank Kevin, the Digg staff and the Digg community for
their support, insight and, most of all, their loyalty in turning Digg
into the force that it is today.


Update from Kevin:

I want to be the first to thank Jay for the last five years of amazing
work. You?ve been a great friend and mentor, we wouldn?t be where we
are today if it wasn?t for you.

While I?ll miss working with Jay day-to-day I am excited to be taking on
the role of Chairman and acting CEO, driving Digg forward on our
promise to enable social curation of the world?s content and the
conversation around it. We?ve been super busy on the product side
getting ready for the upcoming Digg redesign and delivering our mobile
apps for the iPhone and Android.

Thank you very much for your on-going support of Digg, I?m truly
excited about the next five years, big things coming!