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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.

Comments

halfdutch
Jan. 6th, 2009 04:47 pm (UTC)
Even with all the economic troubles, I was not expecting this. :-/
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?
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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