Tech Headlines

OK, so I know these headlines aren't exactly financial, but we are in the technology age. If it wasn't for technology, I wouldn't be blogging and you wouldn't be reading my blog. It's just that I thought these three articles (from this weeks news) were interesting, and would be of interest to you to.

Broadband

The Federal Communications Commission voted 3 to 2 on Thursday (June 17, 2010) to move toward giving itself the authority to regulate the transmission component of broadband Internet service, a power the commission’s majority believes is central to expanding the availability of broadband.
- New York Times

So what does that mean to you and me?

The vote formally begins a period of public comment on an F.C.C. proposal to overturn a previous commission ruling that classified broadband transmission as a lightly regulated information service.

The proposal would designate broadband transmission as a telecommunications service, which, as with telephone service, would make it subject to stricter regulation.

The commission has said it intends to exempt broadband service from most of the regulatory options it has under the stricter designation, keeping only those regulations that are necessary “to implement fundamental universal service, competition and market entry, and consumer protection policies.”

It would not regulate Internet content.
- New York Times

Bebo Sold

AOL said on Thursday (June 17, 2010) that it sold Bebo, the struggling social networking site, to Criterion Capital Partners, a private equity fund based in Los Angeles, for a fraction of what AOL paid for the site two years ago.

The terms of the deal were not disclosed, but reports pegged its value at $10 million or less. AOL paid $850 million to a pair of British entrepreneurs for the company in March 2008.

AOL once had high hopes that Bebo would help it to regain momentum, especially with younger audiences and advertisers, and to catch other fast-growing Internet franchises. At the time, it was popular in Britain.

When it bought Bebo, the chief executive of AOL at the time, Randy Falco, called it a “game-changing acquisition” that would turn AOL into “a social media powerhouse.” AOL also had hopes Bebo would help AOL’s instant messaging service bring in revenue.

But Bebo was largely eclipsed by the continuing rise of Facebook, which has grown quickly in the United States and around the world and now has nearly 500 million members.
- New York Times

Have you heard of Bebo? I don't think most of us has. I was on Bebo at one time, but did not care for it. It seem void of people to interact with. In fact it seemed deader then even MySpace which anymore is pretty dead. What do you think? Will Bebo "make a come back," and become a true competitor at least to MySpace, if not Facebook? What do you think?

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go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.

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