Unfortunately, they just couldn't make enough money to stay afloat.
In a statement released on their website, Connexion tells members:
After 8 years of operation we have decided to close Connexion on Wednesday September 14. Effective immediately, no new members will be able to [...]
Source: http://perezhilton.com/2011-08-24-connexion-social-site-goes-under-due-to-funding
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