So, a programmer at Friendster was Fired for Blogging (Jeremy Zawodny's blog). Yeah, I know it's only one side of the story but you know what, Friendster lives or dies by word of mouth/mail/IM. I found out about it through 'blogs, and I've now cancelled . No loss to me, besides Frisket still has more Friendsters than I did.

If all you are selling reputation and connections, you can't afford to blow your credibility like this. I don't know the facts, but, more important than that, I don't care.

Another perspective can be found here: On Troutgirl's Getting Fired for Blogging [Updated].