Journal site Xanga tries to fend off an impending shutdown with fundraising drive

It's a sad day for the old internet. Xanga -- which has long tagged behind LiveJournal as a journaling platform -- is running out of time: in a blog post, the team behind it said they'll be forced to shut the site down if they can't raise $60,000 by July 15th. "The status quo is no longer possible," says the team, revealing that the "expensive" lease on its network facility is almost up. And while the team could try to revamp the site or sell to a larger platform, they're realistic about their p...