In a few years time, the story of Digg – the once popular social news/bookmarking service – will likely be a textbook case of a big brand didn’t manage to change with the times. For now, Digg is still a decently large site, though down significantly from its heights pre-Digg v4. The end for Digg as we know it could be near, though. According to TechCrunch’s Mike Arrington, Digg founder Kevin Rose has resigned from the company. Rumor is that he is closing a $1 million financing round for a new startup.