LiveJournal is one of the original blogging and social network sites, but after 20 of 28 staff were laid off, it could be on the brink of collapse. Here's the original story from Valleywag with a link to an LJ staffer's blog. If you want to back up your LiveJournal account, you can use ljdump or ljarchive (see also here). LiveJournal server code is open source, but the code repository is currently showing a blank Apache screen (you can access the older SixApart SVN here, with install instructions here. Client code is available here. See also the LJ Code wiki.
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