BizSugar.com › Products and Services › Social bookmarking site Faves.com to shut down

Faves.com is shutting down for good. The social bookmarking site, which was on its death bed before an infusion of cash revived it in 2009, has struggled over the last two years keep its doors open.In a blog post yesterday, CEO Mike Koss and Faves' sole employee, said the company was not able to sustain the costs of operating the site.Here's the bulk of the post:We're shutting down the Faves.com service within a matter of days. If you want to export your data, please visit: http://faves.com/exportbookmarks.aspxUnfortunately, we were not able to sustain the costs of operating Faves.com from our current revenue sources. We will be selling the remaining assets of the company shortly.