"The bubble in social networking has burst, decisively. LiveJournal, the San Francisco-based arm of Sup, a Russian Internet startup, has cut 12 of 28 U.S. employees - and offered them no severance, we're told."
I found myself a little more bitter about this than I expected. I haven't this type of community formed on other social networking sites. I'm not going to MySpace.
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http://www.livejournal.com/export.bml
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