AOL has announced that it is planning to get rid of ailing social networking site Bebo.
The internet giant said it was unable to provide the funds necessary to keep up with the bigger social networking sites.
To that end, it will either be selling Bebo in the near future, or writing off the $850m (£417m at the time, according to the BBC) it paid for the site two years ago and shutting it down.
AOL cited the explosion in popularity of sites like Facebook as a reason for the decision.
“Bebo, unfortunately, is a business that has been declining and, as a result, would require significant [...]
Google’s Bradley Horowitz has insisted that Google Buzz is not a driect competitor for the likes of Facebook and Twitter, but that it fills a niche ‘not currently met by market’.
Although it has suffered a controversial birth, the company believes that the combination of various Google functionality and the third-party support will win out.
When asked by eWeek whether Buzz was a competitor to Twitter and Facebook Horowitz stated “Absolutely not.”
A new category of communication
“…this is creating a new category of communication. It’s filling a niche [...]
Google Buzz isn’t even out of nappies yet and already Google has improved many of the social-networking service’s features.
Google has filtered out all the feedback/criticism it has had since launching Buzz and tweaked the way it does things.
In a blog post, the internet giant has outlined a number of new additions to the service, explaining: “We designed Buzz to make it easy to connect with others and have conversations about things that interest you, and it’s great to see millions of you doing this already.
“It’s still early, and we have a long list of improvements [...]