Live journal takes a hit below the belt…

My first true addiction online started in 2001 when I started my Live journal. I found out today that LJ has run into some serious financial issues and  has reportedly laid off 20 of 28 employees, “leaving only a handful of finance and operations workers.”. Found this post on Mashable.com today.

“While LiveJournal execs are apparently blaming the slowdown in the economy and ad spending, stats point to an overall decline in interest in the medium. Both LiveJournal and competitor Xanga have seen their traffic decline over the past two years, as social networks like Facebook and MySpace have come to dominate the demographics that the blogging sites target’.

Read the rest of the post including LiveJournal’s public statement regarding the layoffs.