Digg, Inc., the leading social news site, raises $28.7 million series C investment round led by Highland Capital Partners also includes previous Digg investors Greylock Partners, Omidyar Network and SVB Capital, the expansion comes at a time when traffic to the site has doubled in the last year to more than 30 million monthly unique visitors.

Digg is planning for significant corporate expansion program, including the doubling of the company’s staff from 75 to over 150 by December 2009, a move to a larger corporate headquarters in San Francisco in early 2009 and expand Digg into other languages.

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Lots of new changes coming to Digg! They’re excited to introduce you to the new Digg Profiles. With over fifty new features, they’ve completely revamped our profiles from the ground up - making it easy for you to share your favorite Digg stories with friends. If you’d like to see them in action, visit Digg or get a walk through of some of the new features in this video.

Because Digg enables people to share information with one another, the policies for how you use Digg and how we treat your privacy on Digg are very important to us. As part of this release, we have updated our Terms of Use and Privacy Policy, which we encourage you to check out. Some highlights to note:

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