Good news for Yahoo, which until now didn’t have an advertising deal with any of the big social networks. They just announced that they will handle advertising for the UK and Ireland sites of Bebo, one of the large social networks (articles here and here).
The deal will see Yahoo selling the majority of display and video advertising to an audience of 11.6 million members. Yahoo was previously rumored to be in talks to acquire Bebo for $1 billion in May.
This at least gets them in the game. Last year Google snatched up Myspace advertising with a nearly $1 billion deal. Facebook went with Microsoft, and then Friendster announced a multi year deal with Google earlier this year.
The terms of the deal were not disclosed. Google guaranteed revenues to Fox, MySpace’s parent company, pursuant to their deal. And Microsoft was largely rumored to have done the same to win Facebook’s business.
More coverage at TechCrunch UK
Smart move. Social networks are a good way to reach out to a wider audience.
We’ll probably hear more news often for next month or two about Yahoo as Yang’s 100 days’ change to set a stage for further growth will come under scrutiny.
Good luck to them.
Why it took them so long to do such action. Anyway, its better late than never..Good luck to them!
Something goes rite for yahoo after a long time… they hardly make news these days…
Maybe Yahoo will be the one to figure out how to get a decent (>$1) CPM from one of these sites. Somehow, I doubt it though.
Interesting considering they just embedded MSN Messenger into their site.
I hope that one day Yahoo would create the new ‘Yahoo Adsense’ in the future. Google has been running it for years but Yahoo are only famous for acquiring FlickR which I know of.
Good for Yahoo!
Bebo is a social networking website created to enable friends to stay in contact. It has developed into an online community where friends can post pictures, write blogs and send messages to one another, and is similar in format to MySpace. The site has been increasing in popularity.
Michael Birch founded it. He says, ” I am a Welsh wanker. My energy levels are low. My mommy is a ho. After three hours of work I start huffing and puffing. That is why I went to the internet and formed startups. Sooner or later one will work. The Internet makes entrepreneurs lazy like me. We want lots of money, but do not want to work for it. We have dreams of extreme wealth. Founders of social networking sites have achieved that goal without hard work unlike suckers in the old economy. We have soft lives. That is the privilege of those in the new economy.
All I had to do was lie flat on my back like a bum, start a site and then put in Basic software that allows people to share photos, music etc. That took five hours each week for four months. Everything else fell into place. I don¡¯t have to slog to create great content. The users hand that to Bebo on a silver platter. An online business can generate significant advertising income that, can be earned with minimal input from the business owner like me. This is due to the fact that so many processes can be automated on
the Internet thus saving the need for an individual to carry out these tasks. I get loose motions when I think about how hard I would have had to work if I had been in the old economy.
I am looking to sell Bebo for over a billion dollars. I can just sit at home and ask for the moon. Wealth will be handed to me on a silver platter. It is amazing how lazy the founders of social networking sites can be and how we genuinely expect to have an online business handed to us on a plate. That is what has happened to Facebook, Myspace, Bebo, Youtube. We all only see the possibility of fast money as our sites get millions of users. There is no need to think. Fast money works better than curare to paralyse our minds.
I don’t need to know how to do some of the things involved with running an online business as i got other people to do them even if I have to pay them. Right from 2001 I never knew exactly how the business worked from the ground up. I just sat at home like a bum and formed start ups. I knew that magic would one day happen. I never had to worry about the job market. I never had to worry about working six long hours a day for five days each week. I never had to worry about a career path. I never had to worry about a plan of action for Monday morning. I have a soft life.
I never had to worry about sound business plans. I ignored even basic human-resource and customer-service requirements. Since I am a dotcommer I will have no problem burning through other people¡¯s hard earned wealth when I sell Bebo. I will buy a yacht and a penthouse. I will vacation on the QE2. I am a dotcom moron who is changing the world by offering a social website. I just had to make sure that I got to the market first. The allure of unearned riches was why I became an internet entrepreneur in 2001. The millions of users give Bebo the Midas touch. This has induced a kind of greed hysteria in me. I want at least one billion dollars. If Steve Jobs could just sit on his arse in a garage and make billions of dollars then I deserve no less. It does not matter that I am stupid
and lazy dotcommer.
I will now make sure that my kids grow up to be pampered and spoiled brats. I will cater to their every whim and fancy. If they do not want to study there is no need for them to do so. After all I have hit the jackpot. If they do go to school then everyday I will give them two thousand pounds as spending money. The other kids will go green with envy as their parents who are trapped working each and every bloody week in the old economy cannot afford to give them even five hundred pounds everyday. I will teach them to poke fun of and laugh at the working class who have to slog each and every month for the rest of their miserable lives for a few 90 grand at old economy firms like The New York Times, Pepsi, Walmart, GM,
Nike, Coca Cola, Viacom, newspapers, Vodafone. All these firms give their employees menial work which is why the employees are frustrated. That is so funny.
I will worsen my children’s greed, selfishness, and arrogance by being too lenient and allowing my beloved children to do whatever they want. Me and Xochi will constantly dote on our children. If outsiders who have to slog the whole month for a few grand for the rest of their lives have the indecency to tell my children ¡®no¡¯ to an unreasonable request them I will encourage my children to scream, shout, cry, hit those bloody losers and behave inappropriately like infants until they get what they want.
I will spend 40 million pounds buying three luxurious 10 bedroom homes for my children. I will give my beloved children many sweets, the most expensive toys that money can buy and other such things whenever they want them. This will build greed and selfishness in my children. I will teach my children to laugh at the poor countries like Africa which is populated with starving niggers and HIV.
I have many nigger jokes that I will teach my kids this year after I sell Bebo for over a billion dollars to Yahoo!.
Why do niggers stink? So blind people can hate them too.
What do you get when a nigger fucks a spic? Someone too lazy to steal.
What is a nigger in a limo? A thief like Martin Luther King.
What is a nigger? Proof that skunks fuck monkeys.
I will also teach my kids to make fun of jews, spics. How many jews can you fit in a VolksWagon? All of them if you put them in the ashtray.
Why do spics drive low-riders? So they can cruise and pick lettuce at the same. One of my favourite pastimes is to make fun of the homeless and unemployed in London and San Francisco by flinging coins in their direction. I will teach my children on whom I dote this as well.”
If you can’t but them, the you benefit($$$) from their massive traffic.
Hey, I think it is only fair that Yahoo gets a pieces of the ad revenue pie for a leading social network. Is Facebook NEXT ? let me see if i got this right if you cant buy them you place ads on their sites. Yea, that sound right.
Let the games begin.
These fake Michael Birch comments are getting ridiculous. It must be great to have so much free time to post insulting comments about hard-working entrepreneurs. Perhaps if you spent as much time working on a new idea or company, instead of writing fake comments, you might have the same chance for success as Michael Birch.
What about the deal between Yahoo and Facebook? Any news about that?
Does anyone care about how poor of quality the traffic from social networks is?
The advertiser is the one ultimately losing out by these “dumbed-down” deals.
Traffic is traffic I guess… the more extensive a portfolio they have to show their advertisers, the more people will be interested… thus creating a buzz for them. I do see yahoo getting out of their rut though, maybe they will be able to compete against google and msn one day
Jon
Wow, where did you get that old logo Michael? Here’s the newer one:
http://i1.bebo..../4686029950.gif
yo quiero que la desagan blok por favor
very nice.
add me http://www.bebo.com/mattj0008