LendInk, an innovative site dedicated to helping readers share their legally purchased ebooks with one another, has chosen to shut down in the face of legal intimidation. Despite the fact that the site was apparently operating within the terms of service of the Amazon Kindle and the Barnes & Noble Nook, its hosting company was targeted with "hundreds of threats," including cease-and-desist letters.
LendInk didn't even host any ebooks itself: it simply connected users seeking a particular title with other users who had a legally-purchased ebook to lend. The site planned to eventually make money by providing links to purchase books through the Amazon affiliate program, but for the past year it had been operating without income.
Source: EFF. Read full article. (link)