In this article we will tell you about juicycampus shutdown reasons as recently Juicycampus has announced its shutdown.
JuicyCampus,a site that was all about juicy gossips and used to encourage students for posting juicy(sort of cyber-bullying) messages about their peers has officially announced its termination of services.JuicyCampus Founder Matt Ivester wrote a blog post on the company’s blog,announcing website's shutdown and pointing out the reasons for such a traumatic end to their ill-famed service.
Ivester pointed out 'poor revenues' being the major reason behind shutdown,despite steady usage and growth of the site among campuses.
Unfortunately, even with great traffic and strong user loyalty, a business can’t survive and grow without a steady stream of revenue to support it. In these historically difficult economic times, online ad revenue has plummeted and venture capital funding has dissolved. JuicyCampus’ exponential growth outpaced our ability to muster the resources needed to survive this economic downturn, and as a result,we are closing down the site as of Feb. 5, 2009.
Economic pressure is understandable but shutting down a website that's showing steady growth and user loyalty isn't a great idea at all
The article explains the startup layoff of TechCrunch.
All the guys following TechCrunch can definitely realise a sudden rise in posts reporting laying offs,startup shutdowns,financial crisis,founder give-ups and similar stuff in the month of October...
Starting from a post reporting eBay's layoff(1500 employees) on Oct 3 and continuing till now(7 layoff reported on a single day,Oct 17),this trend is not looking to end so soon.TC has even created a Layoff Tracker(to keep an account of all such layoffs)
This situation(may be called bubble 2.0 climax) reminds me of dot com bubble when cluster of dot-coms went bankrupt and laying off some staff members used to be one of the ways to cut costs and prolong the survival period of startups.
That time F**kedCompany played the role of a "reporter" to doomed/troubled dot-coms and this time,TechCrunch is looking to play the 'lead role' in reporting crippled state of tech/IT world.
The only difference lies in the approach...
'Techlusive',a Canada based technology blog has shut its doors indefinitely without any reason or whatsoever today
Just a couple of hours ago, 'Techlusive',a Canada based technology blog has shut its doors indefinitely without any reason or whatsoever.Chris R,the primary blogger at Techlusive was frequently blogging on Techlusive with his fellow blogger(s) before this unusual shutdown.
This is the message they are showing up right now :
This blog started off on June 29,2008 and saw a sudden rise in its traffic(+15K unique visitors) in the month of July,which is obviously good in any case. "Techlusive" according to us was a