College gossip Website shuts down, citing economic meltdown

A college Website that publishes anonymous, sometimes malicious, gossip about college students hasu00a0decided to cease operations, citing the economic meltdown.

Matt Ivester, founder and CEO of Los Angeles-based JuicyCampus.com, announced his intention last week in a message posted on the gossip Website. The message cited the national economic meltdown and falling ad revenue.

The shutdown of the college gossip website comes nearly a year after New Jersey authorities subpoenaed the company as part of a probe to determine if the site was failing to comply with rules requiring users to agree not to post abusive or obscene content.

The gossip website's operator, which denied any wrongdoing, was also facing a federal lawsuit filed by a student, who wanted to find out who was responsible for posting gossip about her on the site.