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AOL Dumps $1.2 Billion Worth of Acquisitions
destinyland writes "The social networking site Bebo is being sold for just 'a small fraction of the $850 million AOL paid for the site two years ago,' according to the Wall Street Journal. Since its acquisition, 'the site has been shedding users as fast as Facebook and Twitter have been gaining them,' according to one industry observer, quoting an April memo reportedly sent by an AOL executive arguing that Bebo 'has been declining and, as a result, would require significant investment in order to compete in the competitive social networking space.' Bebo's traffic is already down 44% from last year, according to the Wall Street Journal, attracting just 5 million unique US visitors in May (versus 130.4 million for Facebook). And earlier this month, AOL shed the instant messaging service ICQ for $187.5 million — which it had acquired in 1998 for over $408 million."
I've never heard of Bebo. Me neither!
Facebook and Twitter? I have heard of those.
Guess what all three have in common? I am not a member any of them.
Don't worry, I don't use my real name on Slashdot either, so I guess it doesn't matter whether I use this site or not. (BTW I had enough karma to turn off ads, which I didn't bother to do for a long time... but when the ads started covering up what they call content, I did take that disable ads option...)
This issue is a bit more complicated than you think.
Impressive. You've just mentioned the three biggest assholes in the entire industry, and called them geeks because you want to be on the winning side.
How can a Troll that lies about my motivations (i.e. "called them geeks because you want to be on the winning side.") be moderated Insightful? Blaming the messenger is STUPID. THINK, moderators. Use some intelligence. Just because these entrepreneurs are "assholes" does not mean they are not technically inclined. In fact if you bothered to read their biographies, which I have, you would know that they were very much geeks. And I'm assuming that the person who moderated the parent post Insightful also down-moderated my original post. Just because you have biases about some information that somebody posts doesn't mean that you can arbitrarily moderate...