Poor Bebo. I feel for the residents of their hip and convivial apartment block. It has just been bought by a slumlord.
AOL–which is paying $850 million for the social-networking site, the other Facebook–is where innovations go to die. Remember Netscape? Bought for $4.2 billion and now dead. AOL bought a mess of advertising platforms–Advertising.com, Quigo, Tacoda–and can’t make them to get along.
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