http://www.livejournal.com/talkread.bml?itemid=8796814&nc=20
an excellent commentary by bandicoot about what’s been going on in LJville lately.
How can you manage the finances without a reasonable campaign to promote paid accounts and ensure a reliable stream of income? The present percentage of paid accounts is flat-out embarrassing. At some point, hardware requirements aside, paid full-time employees are going to be necessary to keep LJ running, and you can’t do that without a better paid-user base. And that requires financial management that is currently non-existent.
If LJ doesn’t get good, coherent management soon, it’s going to bog down and die. And that would be a real shame. – a quote from same message.