Kevin Rose, the founder of Digg responded on the DiggBlog that they would now stand for the community:

But now, after seeing hundreds of stories and reading thousands of comments, you’ve made it clear. You’d rather see Digg go down fighting than bow down to a bigger company. We hear you, and effective immediately we won’t delete stories or comments containing the code and will deal with whatever the consequences might be.

If we lose, then what the hell, at least we died trying.

Digg on,

Kevin

But that hasn’t been the case at all..

more | Even More..

He pointed out some cool facts like the 100,000th story to reach the front page of Digg occurred with the story about Rumsfeld stepping down. It hit the AP Wire, and three minutes later was submitted to Digg. Four minutes later, it had hit the front page.This was in stark contrast to Google News who only posted the news 25 minutes later.

Another interesting fact was that 37% of diggs came from the Digg Swarm and Digg Stack tools. They are now working to give these tools to web publishers to see the data for their site in this format, so you can see through Swarm or Stack how stories on your site are being Dugg.

More :Source

Rose,a 29-year-old former Unix administrator and TechTV personality shares the idea behind the creation of digg and plans for it’s future.

Rose believes that the popularity of Digg boils down to the way it taps into what’s known (in the words of author James Surowiecki) as the wisdom of crowds. “People like the fact that it’s a democratic approach to news,” Rose said. “There’s no handful of editors in a smoke-filled back room deciding which stories are important; the masses are deciding.”

Source & More: CNNMoney.com