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LiveJournal on Life Support After Job Cuts

Russian company realizes it bought high on weirdo site

By Kevin Spak,  Newser Staff

Posted Jan 6, 2009 1:47 PM CST

(Newser) – That sound you’re hearing is the social networking bubble officially bursting. Sup, the Russian Internet company that owns LiveJournal, has laid off 12 of the site’s 28 employees, without severance, sources tell ValleyWag's Owen Thomas. All of LiveJournal’s product managers and engineers...   Read full story »

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