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Ilya (![[info]](http://www.journalfen.net/img/userinfo.gif){kind=small} ilya) wrote in ![[info]](http://www.journalfen.net/img/community.gif){kind=small} fandom_lounge,@ 2009-01-06 21:57:00 |
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LJ going under?
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.
The company's product managers and engineers were laid off, leaving only a handful of finance and operations workers — which speaks to a website to be left on life support. Matt Berardo, a Yahoo executive hired on last summer, is also believed to be gone.
Source
Can you imagine the amazing bitchfest wankery that would go on if anything happened to LJ??? The internet would implode...
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.
The company's product managers and engineers were laid off, leaving only a handful of finance and operations workers — which speaks to a website to be left on life support. Matt Berardo, a Yahoo executive hired on last summer, is also believed to be gone.
Source
Can you imagine the amazing bitchfest wankery that would go on if anything happened to LJ??? The internet would implode...
