Social networking site Pownce is to shutdown on the 15th December 2008.
According to their blog, pownce have already stopped accepting new users requests and as of the 15th December will be shutting down their service altogether. To ease migration the pownce team have created an export tool to help users move their posts to other blogging services like VOX, Typepad or wordpress. Pownce have said that they will soon be emailing pro members with further details of what will be happening with their accounts.
Pownce founders Leah Culver and Mike Malone have been taken on by Six Apart, the company behind such blogging software as Movable Type, TypePad and Vox.
Is this the just another start up that failed to get off the ground, an indication that there isn't currently room in the maket room for the vast number of social networking sites and services or the first signs of the credit crunch hitting tech industries. Whatever the reason, its a shame to see them go, they have built up quite a community and its always a shame to see communities collapse (whether in the real world or online).
Many thanks for the time and effort you put into the project guys, it was great while it lasted.