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Ning switches to paid accounts this Friday

A fair number of neighborhood news communities are powered by Ning — like this one — and as scheduled, the build-your-own social networking service will switch to a paid-only model this Friday. While Ning has been growing steadily, it’s been struggling financially, laying off 42 percent of its staff in April.

It offers three tiers of services, starting at $2.95 a month. Ning may lose more than 300,000 nonpaying users, reports Bloomberg. Ning currently has 50,000 paying users.

(Thanks Bob for the link!)

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