13 Stories

AOL Unloading Bebo for Massive Loss

$850M buy being sold off at rock-bottom price

(Newser) - AOL's ride on the social networking bandwagon appears to have been a blunder costing close to a billion dollars. The company is in the final stages of making a deal to sell floundering Bebo, which it bought for $850 million in 2008, for a price thought to be in the... More »

Facebook Bad for Teens, Warns Archbishop

Social networking degrades friendship, can lead to suicide

(Newser) - Facebook and MySpace are degrading our ability to relate to one another and pushing young people to suicide, the head of the Catholic Church in England tells the Telegraph. Archbishop Vincent Nichols is concerned that social-networking websites encourage teens to form only “transient relationships,” which can leave them... More »

I Say, Old Chap, Big Brother Is Watching Twitter

UK government weighs monitoring social sites for security threats

(Newser) - The British government wants to keep an eye on what people are doing on Facebook. On the lookout for terrorist plots, the Home Office has provoked an outcry from civil libertarians by floating a plan to track users of social networking sites, which were previously free of government monitoring, reports... More »

Lookin' for Love, 1 in 4 Turn to Arms of Networking Sites

Online dating no longer has social stigma

(Newser) - For those looking for love in all the wrong places, the right place might just be Facebook, reports the Telegraph, citing a new poll that shows one in four Britons are dating or have dated a person met through a social-networking site such as MySpace or Bebo. And in further... More »

AOL Explores Sale of Bebo: Sources

Networking site may be on block for $200M year after $850M sale

(Newser) - Less than a year after shelling out $850 million to acquire Bebo, AOL is looking to sell, sources tell TechCruch—though both AOL and the social-networking site are denying it. Bebo, with underwhelming numbers and buffeted by the spiraling economy, could go for $200 million. More »

UK Aims to Mine Facebook in Fight on Crime, Terror

Criminals use chat features on social, game sites to hide conversations: authorities

(Newser) - With social-networking, gaming, and video sites offering stealth chatting that criminals and terrorists exploit, the British government is moving to require such websites to collect and provide user data to authorities. Accessing chat contents would still require a specific warrant, but demographic information could help find pedophiles, kidnappers, drug traffickers,... More »

AOL Brings in Outside Help With Homepage Redesign

Gmail, Facebook will be accessible from firm's web portal

(Newser) - AOL is overhauling its portal page, incorporating third-party email services and social-networking sites into, paidContent reports. The redesigned site allows users to perform global status updates, so a message sent from AOL would show up on Facebook, Myspace, Twitter and more; users will also be able to view... More »

Booming Facebook Closing Gap on MySpace

Social networking websites are busy places—especially in the summer months

(Newser) - Facebook may be No. 2 in the social networking industry, but its 40% growth from June 2007 to the same month this year is closing the gap between it and market leader MySpace. MySpace—which has 72% of the market—showed negative growth in visits for the year, says BizReport.... More »

Networks Social Indeed, But Ad Dollars Remain Elusive

MySpace's marketing-friendly makeover part of sites' evolving drive to cash in

(Newser) - A makeover planned to begin Wednesday for MySpace is the latest sign of the continued struggle to make social networking the cash cow many thought it would be when News Corp. bought the site three years ago, the New York Times reports. MySpace's user base has grown from 16 million... More »

AOL Goes Social, Buys Bebo

$850M acquisition for a company struggling to change roles

(Newser) - AOL will buy for $850 million in an attempt to enter the social networking market, the Wall Street Journal reports. Bebo has 22 million unique visitors a month, well behind MySpace's 109 million, but the site’s strong European presence will give AOL access to key youth demographics... More »

Bebo Adopts Facebook-Style Ad Platform

UK's top social networker vies for industry compatibility

(Newser) - Bebo, the most popular social networking site in Britain, announced today that it will launch an application platform modeled on that of Facebook, GigaOm reports. The launch is the result of a collaboration with its US counterpart, so that developers of Facebook apps will be able to port their work... More »

UK Court Bans Teen's Insults From Web

First-of-its-kind order forbids him to post abusive comments

(Newser) - A British court has put a low-tech law to high-tech use in a bid to keep a teenager from writing abusive comments about police on the internet. The court issued an Anti-Social Behavior Order—usually used to keep hooligans out of certain parts of town—against a 17-year-old to prevent... More »

Yahoo Joins Forces With UK Social-Networker Bebo

Net mainstay will bring advertising to Britain's top networking site

(Newser) - Internet giant Yahoo and networking site Bebo will collaborate on advertising in the UK and Ireland, the Wall Street Journal reports. Bebo—launched in 2005— hasn't taken off in the US, but it's the top social-networking website in Britain. Yahoo will sell the bulk of Bebo's banner and video ads,... More »

13 Stories
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