Thursday, February 5, 2009

OMG! College Gossip Site JuicyCampus is, like, Totally Dunzo

Posted by Caleb Hannan on Thu, Feb 5, 2009 at 12:08 PM

click to enlarge juicycampus.jpg
It seems not even anonymous online slander is immune from the Economic End Days. Yesterday came the announcement that college gossip site JuicyCampus is officially closing shop as of February 5th due to plummeting ad revenue and a shrinking pool of venture capital.

JuicyCampus, started a year and a half ago by Duke alum Matt Ivester, made its name by offering college students an online forum to swap rumors. As such, most posts on JuicyCampus revolved around what girls would or would not, allegedly, drop their pants at a moment's notice (Samples: "Biggest Whores on Campus" and "Chicks with Loosest Pussies").

Locally, JuicyCampus made news when Tennessee State University became the first public school in the nation to block the URL on their network. TSU made their decision after a parent of a student mentioned by name on one of JuicyCampus' posts complained.

Ivester, employing the Larry Flynt Free Speech Strategy, shielded himself with the First Amendment. The same argument he made when the New Jersey Attorney General took an interest in his site.

Gawker tech-site Valleywag thinks the announcement is a publicity stunt to scare up some "white-knight" investor cash. After the jump, JuicyCampus' full presser...

                      JUICYCAMPUS COMES TO AN END

Open Letter From JuicyCampus Founder

 

Juicy Campers,

 

What a wild ride this has been!  In the past year and a half, JuicyCampus has become synonymous with college gossip, and is more popular than I could have ever expected.  We've expanded to more than 500 campuses across the US, and have more than a million unique visitors coming to the site every month.   It's clear that we have provided a platform that students have found interesting, entertaining, and fun.

 

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.

 

On behalf of everyone here at JuicyCampus, I would like to thank all of our users for reading, contributing to, and telling your friends about the site.  And I'd like to thank everyone who has engaged in meaningful discussion about online privacy and internet censorship.  JuicyCampus has raised issues that have passionate advocates on both sides, and I hope that dialogue will continue.  While there are parts of JuicyCampus that none of us will miss - the mean-spirited posts and personal attacks - it has also been a place for the fun, lighthearted gossip of college life.  I hope that is how it is remembered.

 

Keep it Juicy,

 

Matt Ivester

Founder & CEO, JuicyCampus.com

Los Angeles, CA

February 4, 2009

 

Media Contact:

Steven Wilson/Hayley Scheck

B|W|R Public Relations

310-550-7776

swilson@bwr-la.com / hscheck@bwr-la.com

 

 

Emily Davis

B|W|R Public Relations

5700 Wilshire Blvd

Suite 550

Los Angeles, CA 90036

P: 310.248.6126

F: 310.550.1701

edavis@bwr-la.com

 

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This is karma. Good riddance.

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Posted by GoldnI on 02/05/2009 at 12:48 PM
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