Om Malik: Folks have been predicting a big year for mergers and acquisitions in 2005, and we are starting the year with a bang. I have learnt exclusively that
Six Apart, the parent company behind hosted blogging service TypePad and Moveable Type, is about to acquire
Live Journal, for an undisclosed amount. The deal is a mix of stock and cash, and
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Six Apart has a horrible reputation of bungling pay systems and not being that great to their supporting public. These are things I do not like, and I would be upset if LJ's highly usable, and friendly system was corrupted like that. LJ is more than a blogging tool, it develops people. People connect people, not the actual OMG LIVEJOURNAL service.
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I am in the process of downloading the source code for livejournal. So it would be possible, if it all goes to shit, to begin something similar again. That is one of the strengths of open source.
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(I wonder if a lot of people are signing up to DeadJournal today?)
This was a bad way for even a hint of a 6A/LJ deal to get out, which I think is fuelling alarmism. That can only be combated by information.
Hm. I wonder if this is the way it happens. A natural downturn in LJ interest that some have perceived (and of COURSE these things always go in cycles) suddenly combined with a sense of instability, and then people ganking the source code and possibly spinning off into their own small LJ-powered hubs...
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Social Chemistry at work.
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