Charles Miller made the smartest comment I’ve seen about the Six Apart acquisition of LiveJournal:

On the other hand, Danga was a casually-run company that existed to keep Livejournal running, and its founders cupboards full. SixApart is a venture-capital backed organisation that has a much more concrete appreciation of the concept of return on investment. It’s inevitable that at some point, someone will look at the statistics and realise that fewer than one in fifty Livejournal users are actually contributing to its upkeep.

I suspect he’s right.