i am jdw's tumble log

unconsumption:

Over the past couple of years, we’ve followed the rise of NeighborGoods, the site that enables neighbors to share stuff. (Why buy a new drill that you might use only twice a year; instead, borrow one from a neighbor, and perhaps get to know that neighbor!)

NeighborGoods is among the collaborative consumption services we’ve mentioned a couple of times. It’s with some surprise to learn this news from the company:

Our team has very big news that we want to share with you. After three amazing years, 25,000 incredible neighbors and over $4.5 million of inventory being shared, NeighborGoods.net will be shutting its doors. We would like to share what this means for you and your account.

Over the next three weeks we will be preparing for our shutdown which will be happening July 31st. We strongly encourage you to complete any open transactions by this date. After today we will no longer be accepting group subscriptions or account verifications.

Although this is goodbye for NeighborGoods we are excited to announce that members of our team have created a brand new sharing tool, Favortree. Favortree is a ‘play it forward’ trading game [favor-trading game/app] for universities, faith communities and local neighborhoods. Members can help each other by sharing goods and completing small favors. By helping your friends and neighbors, you earn rewards which you can exchange for help when you need it.

Read the rest: Goodbye NeighborGoods; Hello Favortree!

“Shutting its doors,” with no explanation why? Anyone know?

Related: TheNextWeb post on the Favortree game/app.