Remember back in 2001 when that 56k chorus of screeches meant you were connecting to the newfangled internet and you screamed at anyone who would pick up the phone? AOL felt pretty good about the stranglehold they had on the online market then. However, it was released yesterday morning (August 4th) that the service provider which helped herd us to the digital renaissance where dot-coms roam, in an ironic turn of events, is getting beat down by the same monster it helped create. [ATTACH]16396[/ATTACH]AOL posted massive $1.41 billion second quarter losses in writedowns after recent sales of both their Bebo …

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News Story AOL sells Bebo

The web was awash with rumours yesterday and now there's confirmation - [URL="http://www.aol.com"]AOL[/URL] has sold [URL="http://www.bebo.com"]Bebo[/URL] to [URL="http://www.criterioncapital.co.uk"]Criterion Capital Partners[/URL]. The "why sell" question is too easy to answer to even bother with - it was dying on its backside. The early adopters of social media were fond of Bebo, and some creative types put a drama on it, [URL="http://www.bebo.com/Profile.jsp?MID=367137231&MemberId=4337221200"]Katemodern[/URL], which had a nomination for a Bafta award for innovative use of technology. That was a lifetime ago in the social web. By the time I wrote my book last year it was more of a footnote - the place …

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Apparently the 30th edition of the Collins English Dictionary will be seen, in fact as far as Bebo users are concerned it could even be fiend. Whether it is piff or naff is something only you can decide, and should you happen not to be a teenage Bebo user the chances are you will think it grim and be seen as a hater by the Bebo brethren. What the heck am I talking about? The new language of modern British youth, apparently. It would seem that the publishers of the Collins English Dictionary, HarperCollins, has looked to the popular social …

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To everyone who thought the social networking revolution had started to falter, Bebo has 850 million reasons to disagree after AOL agreed to acquire them for $850 million in cash. Analyst eMarketer predicts that by 2011, $4.1 billion will be spent worldwide for social network advertising, and in 2008 alone the global ad spend for social networking is expected to increase 75% year over year, amounting to $2.1 billion. The Bebo community has something in the region of 40 million members worldwide, with a particular focus in the UK, Ireland and New Zealand. The deal comes just seven days after …

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At simultaneous launch events held in both London and New York today, [URL="http://www.bebo.com"]Bebo[/URL] announced its Open Media vision for social media and entertainment to provide media companies totally free access to its community of some 40 million users. In return, those 40 million members of the social networking community who, one assumes, are mainly there to find and make friends (the clue is in the social networking name after all) get free access to what Bebo refers to as 'thousands of hours of premium entertainment content from some of the world's best known media brands' and what the rest of …

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Remember [URL="http://en.wikipedia.org/wiki/Lonelygirl15"]Lonelygirl15[/URL]? If you have ever been anywhere near YouTube then the chances are the answer is oh yes, or more likely oh no. This was the supposed [URL="http://www.youtube.com/user/lonelygirl15"]video diary[/URL] of a teenager on the run that resonated with intrigued, and often concerned, viewers around the globe. A total of 60 million hits on the videos, with an average viewing figure of 300,000 per episode. Viewing figures and episodes? All sounds a little bit like TV doesn't it? That's because it was. The YouTube postings and the [URL="http://www.LG15.com"]Lonelygirl15 website[/URL] was the brainchild of three twenty-something guys from California: Miles Beckett …

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The End.