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Ning, the free social network creator, isn't free anymore

Ning, the company that makes it easy for anyone to create a free, custom social network, is dropping the free part of that equation. After a little business analysis, Ning determined that a whopping 75% of their traffic was coming from paid "premium" networks, not the free networks that most people associate with the company. In response, they're dropping free networks -- and a big chunk of the staff that worked on them -- and focusing on the features that bring in monthly fees from network owners.

Fortunately for current Ning users who don't want to upgrade, Ning plans to make it easy to get data out. Ning will talk export options on May 4th, when it also plans to unveil an updated list of paid offerings. One place you could take your data is Posterous, where they're currently building a Ning export tool and making a strong bid to attract Ning's displaced userbase.

[via Wired]
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