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