THIS is not good. :-( The bubble in social networking has burst,…

Jan. 6th, 2009

8:17 AM

THIS is not good. :-(

The bubble in social networking has burst, decisively. LiveJournal, the San Francisco-based arm of Sup, a Russian Internet startup, has cut about 20 of 28 employees — and offered them no severance, we're told.

Current Mood: stressed

Comments

( 19 comments — Leave a comment )

elliotsmelliot

Jan. 6th, 2009 04:23 pm (UTC)

Yikes! That is not good for the employees, nor is it a good sign for us.

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halfdutch

Jan. 6th, 2009 04:42 pm (UTC)

No, it is not. :-(

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eponine119

Jan. 6th, 2009 04:23 pm (UTC)

crap, no that is not good! *worries*

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halfdutch

Jan. 6th, 2009 04:46 pm (UTC)

Grr, where's that backup program I downloaded last year?

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inthekeyofd

Jan. 6th, 2009 04:48 pm (UTC)

There's a link to a back up procedure on my journal in the comments from my post today.

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halfdutch

Jan. 6th, 2009 04:55 pm (UTC)

Thanks hon, I will check it out!

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lasamy

Jan. 6th, 2009 04:26 pm (UTC)

oh 0_o

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halfdutch

Jan. 6th, 2009 04:47 pm (UTC)

Yeah. :-/

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neversince

Jan. 6th, 2009 04:42 pm (UTC)

what.

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halfdutch

Jan. 6th, 2009 04:47 pm (UTC)

Even with all the economic troubles, I was not expecting this. :-/

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neversince

Jan. 6th, 2009 04:52 pm (UTC)

How does it make you feel as a perm account holder? BC I know my first thought was I was glad I hadn't given in and bought one.

I think free users will just have to see more ads, what do you think? I haven't looked too far into the ramifications, tbh. Probably a resell for LJ in the future?

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halfdutch

Jan. 6th, 2009 04:54 pm (UTC)

I actually didn't pay for my perm account! But still, I would very much hate to lost it! I just hope they don't pull the plug.

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inthekeyofd

Jan. 6th, 2009 04:50 pm (UTC)

I won't panic, but I NEED MY LJ..seriously, I'm not on facebook..and that place doesn't even seem 1/4 fun as lj.

*dusts off greatest and insane journal*

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halfdutch

Jan. 6th, 2009 04:55 pm (UTC)

Gah, they'd be idiots to let it go away. Right? :-/

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janie_tangerine

Jan. 6th, 2009 04:59 pm (UTC)

Woah, that's not good at all. :/ I don't think they would actually pull the plug and shut everything down, but I'm backing stuff up just in case. ://

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toestastegood

Jan. 6th, 2009 05:05 pm (UTC)

I've heard some people saying the numbers are more like 13 employees let go with 17 remaining but... Yeah, this doesn't look very good. Where do you think people will migrate to if LJ implodes? GreatestJournal? I think I have an account there.

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alliecat8

Jan. 6th, 2009 06:18 pm (UTC)

What struck me about the article -- besides a big black wave of depression and worry -- is how they said "the weakest of the herd" and "other obscure sites." LJ, the weakest of the herd? Obscure? I hardly think so. As they say, LJ is full of rabid fans who rely on LJ as the place to air their obsessions. Not to mention the fact that largely because of that ^^^, we make friendships that we also rely on. How much of that would we lose if we lost LJ? Surely, if there's any way the users can stop it from going under, we'll find a way. *grasps for a sliver of hope*

And, I just bought a permanent account. *curses*

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