LiveJournal Buyout Rumor
Aaron B. Russell writes "Om Malik reports that Six Apart are looking to buy blogging community LiveJournal.com. Rumour? I hope so. I seriously hope so. Neither Six Apart nor Danga Interactive (the company behind LiveJournal) have commented on the situation yet. What impact will this have for the users and volunteers over at LiveJournal? Chris Schmidt, a volunteer at LiveJournal, hypothesizes here(1) and here(2) ." Sources close to LiveJournal creator Brad Fitzpatrick say this is just a rumor, and that LJ is not being sold. Update: 01/06 by J : Our sources were way wrong.
Even if something does happen, there's always other LJ variants out there, such as DeadJournal and GreatestJournal if your privacy is concerned.
And as hypothesis #2 states the removal of some features, the other variants will almost always have them.
Livejournal isn't the only journal site out there.
See LJers freak about it here.