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	<title>Comments on: Did AOL Just Write Down Its Bebo Acquisition?</title>
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	<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/</link>
	<description>Startup and Technology News</description>
	<lastBuildDate>Thu, 26 Nov 2009 20:26:20 -0800</lastBuildDate>
	
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		<title>By: Bartholemew Kuma</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2842092</link>
		<dc:creator>Bartholemew Kuma</dc:creator>
		<pubDate>Wed, 08 Jul 2009 01:47:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2842092</guid>
		<description>The way i see it Ernie Oporto is right ive been getting loads of spam invites of women more or less above my age i hardly even know and interestingly they are all linked to porn sites with only one profile pic and the same &quot; see my sexy pics here&quot; line on nearly every profile that comes my way. 

As it seems bebo has let itself stoop to allowing porno sluts to advertise themselves on the social networking site which angers me to an extent at nearly every day going through my emails only to find out its some porno slut wanting me to accept a friend request only to make her look popular and advertises porno pics via a link on their profiles. 

This quite frankly must stop before a lot of people like me become pissed off and start major complaints as well as filing abuse of advertising porn on bebo ( via links on bebo profiles which still counts as being on bebo as the link is pasted on their said profile).</description>
		<content:encoded><![CDATA[<p>The way i see it Ernie Oporto is right ive been getting loads of spam invites of women more or less above my age i hardly even know and interestingly they are all linked to porn sites with only one profile pic and the same &#8221; see my sexy pics here&#8221; line on nearly every profile that comes my way. </p>
<p>As it seems bebo has let itself stoop to allowing porno sluts to advertise themselves on the social networking site which angers me to an extent at nearly every day going through my emails only to find out its some porno slut wanting me to accept a friend request only to make her look popular and advertises porno pics via a link on their profiles. </p>
<p>This quite frankly must stop before a lot of people like me become pissed off and start major complaints as well as filing abuse of advertising porn on bebo ( via links on bebo profiles which still counts as being on bebo as the link is pasted on their said profile).</p>
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		<title>By: Shunna Diarm</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2676943</link>
		<dc:creator>Shunna Diarm</dc:creator>
		<pubDate>Mon, 30 Mar 2009 23:01:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2676943</guid>
		<description>Yuu&#039;s are just freak&#039;s Hha. shit bro yuu&#039;s are like Gay and inmature</description>
		<content:encoded><![CDATA[<p>Yuu&#8217;s are just freak&#8217;s Hha. shit bro yuu&#8217;s are like Gay and inmature</p>
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		<title>By: Google Ad Chief Tim Armstrong Replaces Randy Falco As Chairman And CEO Of AOL</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2653206</link>
		<dc:creator>Google Ad Chief Tim Armstrong Replaces Randy Falco As Chairman And CEO Of AOL</dc:creator>
		<pubDate>Thu, 12 Mar 2009 22:18:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2653206</guid>
		<description>[...] the advertising strategy never quite took hold. Partly, that was because the economy blew up. Last quarter, advertising revenues at AOL were down 6 percent, total revenues were down 23 percent, and the [...]</description>
		<content:encoded><![CDATA[<p>[...] the advertising strategy never quite took hold. Partly, that was because the economy blew up. Last quarter, advertising revenues at AOL were down 6 percent, total revenues were down 23 percent, and the [...]</p>
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		<title>By: Ning&#8217;s Doing Just Fine Without The Porn : Porn Newz - Adult Industry News, Events &#38; Articles</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2626701</link>
		<dc:creator>Ning&#8217;s Doing Just Fine Without The Porn : Porn Newz - Adult Industry News, Events &#38; Articles</dc:creator>
		<pubDate>Mon, 16 Feb 2009 14:51:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2626701</guid>
		<description>[...] Ning gave adult networks until January 5th to pack up their bags and leave. That gives us the rest of the month to see how the network of networks fared without them. And it actually fared quite well, picking up almost 1 million unique visitors in the United States (from 3.94 million in December to 4.79 million in January). That pickup is almost enough to pass Bebo, which attracted 4.97 million Americans in January and barely managed to halt a downslide that surely didn&#8217;t make AOL happy. [...]</description>
		<content:encoded><![CDATA[<p>[...] Ning gave adult networks until January 5th to pack up their bags and leave. That gives us the rest of the month to see how the network of networks fared without them. And it actually fared quite well, picking up almost 1 million unique visitors in the United States (from 3.94 million in December to 4.79 million in January). That pickup is almost enough to pass Bebo, which attracted 4.97 million Americans in January and barely managed to halt a downslide that surely didn&#8217;t make AOL happy. [...]</p>
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		<title>By: Ning Doing Just Fine Without The Porn</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2624487</link>
		<dc:creator>Ning Doing Just Fine Without The Porn</dc:creator>
		<pubDate>Fri, 13 Feb 2009 18:32:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2624487</guid>
		<description>[...] Ning gave adult networks until January 5th to pack up their bags and leave. That gives us the rest of the month to see how the network of networks fared without them. And it actually fared quite well, picking up almost 1 million unique visitors in the United States (from 3.94 million in December to 4.79 million in January). That pickup is almost enough to pass Bebo, which attracted 4.97 million Americans in January and barely managed to halt a downslide that surely didn&#8217;t make AOL happy. [...]</description>
		<content:encoded><![CDATA[<p>[...] Ning gave adult networks until January 5th to pack up their bags and leave. That gives us the rest of the month to see how the network of networks fared without them. And it actually fared quite well, picking up almost 1 million unique visitors in the United States (from 3.94 million in December to 4.79 million in January). That pickup is almost enough to pass Bebo, which attracted 4.97 million Americans in January and barely managed to halt a downslide that surely didn&#8217;t make AOL happy. [...]</p>
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		<title>By: Ning Doing Just Fine Without The Porn</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2624464</link>
		<dc:creator>Ning Doing Just Fine Without The Porn</dc:creator>
		<pubDate>Fri, 13 Feb 2009 18:08:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2624464</guid>
		<description>[...] Ning gave adult networks until January 5th to pack up their bags and leave. That gives us the rest of the month to see how the network of networks fared without them. And it actually fared quite well, picking up almost 1 million unique visitors in the United States (from 3.94 million in December to 4.79 million in January). That pickup is almost enough to pass Bebo, which attracted 4.97 million Americans in January and barely managed to halt a downslide that surely didn&#8217;t make AOL too happy. [...]</description>
		<content:encoded><![CDATA[<p>[...] Ning gave adult networks until January 5th to pack up their bags and leave. That gives us the rest of the month to see how the network of networks fared without them. And it actually fared quite well, picking up almost 1 million unique visitors in the United States (from 3.94 million in December to 4.79 million in January). That pickup is almost enough to pass Bebo, which attracted 4.97 million Americans in January and barely managed to halt a downslide that surely didn&#8217;t make AOL too happy. [...]</p>
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		<title>By: <fb:name linked="false" useyou="false" uid="552871712">Ernest Oporto</fb:name></title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2619548</link>
		<dc:creator><fb:name linked="false" useyou="false" uid="552871712">Ernest Oporto</fb:name></dc:creator>
		<pubDate>Sun, 08 Feb 2009 22:36:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2619548</guid>
		<description>Bebo is junk.  All I was getting were spam invites.  I stopped using it a long time ago.</description>
		<content:encoded><![CDATA[<p>Bebo is junk.  All I was getting were spam invites.  I stopped using it a long time ago.</p>
]]></content:encoded>
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		<title>By: Online Ad Revenues Up: Is the Worst Over? &#124; Genuine Forex Trading</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2618170</link>
		<dc:creator>Online Ad Revenues Up: Is the Worst Over? &#124; Genuine Forex Trading</dc:creator>
		<pubDate>Fri, 06 Feb 2009 18:46:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2618170</guid>
		<description>[...] Time Warner reporting earnings Wednesday, we now have online advertising numbers for the fourth quarter from the four largest [...]</description>
		<content:encoded><![CDATA[<p>[...] Time Warner reporting earnings Wednesday, we now have online advertising numbers for the fourth quarter from the four largest [...]</p>
]]></content:encoded>
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		<title>By: Is The Worst Behind Us? Online Ad Revenues Pick Up In The Fourth Quarter. &#124; Kawink Blog</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2618096</link>
		<dc:creator>Is The Worst Behind Us? Online Ad Revenues Pick Up In The Fourth Quarter. &#124; Kawink Blog</dc:creator>
		<pubDate>Fri, 06 Feb 2009 17:09:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2618096</guid>
		<description>[...] Time Warner reporting earnings yesterday, we now have online advertising numbers for the fourth quarter from the four largest [...]</description>
		<content:encoded><![CDATA[<p>[...] Time Warner reporting earnings yesterday, we now have online advertising numbers for the fourth quarter from the four largest [...]</p>
]]></content:encoded>
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		<title>By: ONLINE SERVICES/INTERACTIVE MEDIA &#171; Daily Marauder</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2617518</link>
		<dc:creator>ONLINE SERVICES/INTERACTIVE MEDIA &#171; Daily Marauder</dc:creator>
		<pubDate>Fri, 06 Feb 2009 00:02:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2617518</guid>
		<description>[...] Time Warner reporting earnings yesterday, we now have online advertising numbers for the fourth quarter from the four largest [...]</description>
		<content:encoded><![CDATA[<p>[...] Time Warner reporting earnings yesterday, we now have online advertising numbers for the fourth quarter from the four largest [...]</p>
]]></content:encoded>
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		<title>By: Is The Worst Behind Us? Online Ad Revenues Pick Up In The Fourth Quarter. &#171; James Ketchell</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2617241</link>
		<dc:creator>Is The Worst Behind Us? Online Ad Revenues Pick Up In The Fourth Quarter. &#171; James Ketchell</dc:creator>
		<pubDate>Thu, 05 Feb 2009 18:54:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2617241</guid>
		<description>[...] Time Warner reporting earnings yesterday, we now have online advertising numbers for the fourth quarter from the four largest [...]</description>
		<content:encoded><![CDATA[<p>[...] Time Warner reporting earnings yesterday, we now have online advertising numbers for the fourth quarter from the four largest [...]</p>
]]></content:encoded>
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		<title>By: meemo</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2617202</link>
		<dc:creator>meemo</dc:creator>
		<pubDate>Thu, 05 Feb 2009 18:22:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2617202</guid>
		<description>at least the price paid for bebo wasn&#039;t in the BILLIONS like CBS and Cnet.</description>
		<content:encoded><![CDATA[<p>at least the price paid for bebo wasn&#8217;t in the BILLIONS like CBS and Cnet.</p>
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		<title>By: Adrian Eden</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2617195</link>
		<dc:creator>Adrian Eden</dc:creator>
		<pubDate>Thu, 05 Feb 2009 18:18:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2617195</guid>
		<description>There are so many Social Networks and Social Media tools out there now, the only one that is truly valuable (in my humble opinion) is Twitter.</description>
		<content:encoded><![CDATA[<p>There are so many Social Networks and Social Media tools out there now, the only one that is truly valuable (in my humble opinion) is Twitter.</p>
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		<title>By: Bill Mankins</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2617162</link>
		<dc:creator>Bill Mankins</dc:creator>
		<pubDate>Thu, 05 Feb 2009 17:41:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2617162</guid>
		<description>Among Social Networking Websites size matters and the truth is Bebo has simply lost its momentum and is headed toward obscurity. Just look at the latest social networking traffic data from eBizMBA:

http://www.ebizmba.com/articles/social-networking</description>
		<content:encoded><![CDATA[<p>Among Social Networking Websites size matters and the truth is Bebo has simply lost its momentum and is headed toward obscurity. Just look at the latest social networking traffic data from eBizMBA:</p>
<p><a href="http://www.ebizmba.com/articles/social-networking" rel="nofollow"></a><a href='http://www.ebizmba.com/articles/social-networking'>http://www.ebiz...cial-networking</a></p>
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		<title>By: Kate</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2617111</link>
		<dc:creator>Kate</dc:creator>
		<pubDate>Thu, 05 Feb 2009 16:57:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2617111</guid>
		<description>I don think that bebo was worth buying. It is amazing that companies will buy anything in the name of diversity.</description>
		<content:encoded><![CDATA[<p>I don think that bebo was worth buying. It is amazing that companies will buy anything in the name of diversity.</p>
]]></content:encoded>
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		<title>By: Is The Worst Behind Us? Online Ad Revenues Pick Up In The Fourth Quarter.</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2617027</link>
		<dc:creator>Is The Worst Behind Us? Online Ad Revenues Pick Up In The Fourth Quarter.</dc:creator>
		<pubDate>Thu, 05 Feb 2009 16:04:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2617027</guid>
		<description>[...] Time Warner reporting earnings yesterday, we now have online advertising numbers for the fourth quarter from the four largest [...]</description>
		<content:encoded><![CDATA[<p>[...] Time Warner reporting earnings yesterday, we now have online advertising numbers for the fourth quarter from the four largest [...]</p>
]]></content:encoded>
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		<title>By: Michael</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2616808</link>
		<dc:creator>Michael</dc:creator>
		<pubDate>Thu, 05 Feb 2009 11:40:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2616808</guid>
		<description>Dear altek,

not sure which website you reffering to because here the discussion is about BEBO.com and not Bibo....</description>
		<content:encoded><![CDATA[<p>Dear altek,</p>
<p>not sure which website you reffering to because here the discussion is about BEBO.com and not Bibo&#8230;.</p>
]]></content:encoded>
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		<title>By: Smart</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2616743</link>
		<dc:creator>Smart</dc:creator>
		<pubDate>Thu, 05 Feb 2009 09:06:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2616743</guid>
		<description>Bebo is definitely worth more than $200M, the problem is that AOL is the company where good product go to die.  I hope Bebo pulls through, and it should.

Think about it -- AOL owns TMZ and such. Bebo is very much about spreading homemade video and music content.  It would be great if AOL could leverage the property as a multiplier of its own content.

Bebo is no where close to the deadpool, IMO.</description>
		<content:encoded><![CDATA[<p>Bebo is definitely worth more than $200M, the problem is that AOL is the company where good product go to die.  I hope Bebo pulls through, and it should.</p>
<p>Think about it &#8212; AOL owns TMZ and such. Bebo is very much about spreading homemade video and music content.  It would be great if AOL could leverage the property as a multiplier of its own content.</p>
<p>Bebo is no where close to the deadpool, IMO.</p>
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		<title>By: Arona</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2616696</link>
		<dc:creator>Arona</dc:creator>
		<pubDate>Thu, 05 Feb 2009 07:44:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2616696</guid>
		<description>Remember, it was on the heels of Yahoo&#039;s failed bid for Facebook at 1bln. Maybe AOL thouoght they were getting a steal at this price? 
Fact is, EVERYONE in the industry knew it was a bas purchase. EVERYONE in the industry knows that users click on pictures and messages. AOL&#039;s rad Platform A ad serving is going to do diddly squat on Bebo.

1) TW needs to dump AOL, so I agree with Sean that this looks like a pre-emptive to do that. 

2) AOL execs should be asking if I want fries with my Big Macs - oh..hold on...better not let them near the cash registers.....

And a personal message to AOL execs who may be reading this and who were in on the Bebo deal....

..SUCKERS!!!!!!!!</description>
		<content:encoded><![CDATA[<p>Remember, it was on the heels of Yahoo&#8217;s failed bid for Facebook at 1bln. Maybe AOL thouoght they were getting a steal at this price?<br />
Fact is, EVERYONE in the industry knew it was a bas purchase. EVERYONE in the industry knows that users click on pictures and messages. AOL&#8217;s rad Platform A ad serving is going to do diddly squat on Bebo.</p>
<p>1) TW needs to dump AOL, so I agree with Sean that this looks like a pre-emptive to do that. </p>
<p>2) AOL execs should be asking if I want fries with my Big Macs &#8211; oh..hold on&#8230;better not let them near the cash registers&#8230;..</p>
<p>And a personal message to AOL execs who may be reading this and who were in on the Bebo deal&#8230;.</p>
<p>..SUCKERS!!!!!!!!</p>
]]></content:encoded>
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		<title>By: Jonathan</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2616567</link>
		<dc:creator>Jonathan</dc:creator>
		<pubDate>Thu, 05 Feb 2009 02:57:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2616567</guid>
		<description>Tom - it&#039;s negative 27%
(27%) = -27%
The use of parens is a widely used accounting notation for negative numbers</description>
		<content:encoded><![CDATA[<p>Tom &#8211; it&#8217;s negative 27%<br />
(27%) = -27%<br />
The use of parens is a widely used accounting notation for negative numbers</p>
]]></content:encoded>
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	<item>
		<title>By: Will</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2616548</link>
		<dc:creator>Will</dc:creator>
		<pubDate>Thu, 05 Feb 2009 02:31:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2616548</guid>
		<description>I should add that Facebook could do all these things if they didn&#039;t squander their revenue and VC money on lavish expenses. Bubble 1.0?  What&#039;s that?  Let&#039;s spend thousands on unnecessary food and living expenses even though we haven&#039;t turned profit.  Boo.com?  Never heard of it.</description>
		<content:encoded><![CDATA[<p>I should add that Facebook could do all these things if they didn&#8217;t squander their revenue and VC money on lavish expenses. Bubble 1.0?  What&#8217;s that?  Let&#8217;s spend thousands on unnecessary food and living expenses even though we haven&#8217;t turned profit.  Boo.com?  Never heard of it.</p>
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		<title>By: Will</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2616545</link>
		<dc:creator>Will</dc:creator>
		<pubDate>Thu, 05 Feb 2009 02:27:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2616545</guid>
		<description>&quot;By AOL writing down Bebo clearly indicates that the social networking business model is not as great as bubble valuations put on Facebook and LinkedIn.&quot;

That&#039;s because no one knows how to fucking use them; they think ad revenue is going to pay for everything.  Social networking sites have millions of consumers at their disposal that they refuse to sell their own home-grown products too (for the most part.)  Facebook has created a few products like the virtual gifts etc. so it seems to be on the path to understanding how you can pitch products to people w/out annoying them.  With all their VC money, Facebook could easily create exclusive video clips that some people would be willing to pay 99 cents for.  They could hit different demographics.   They could make a series of non-free iphone apps and then pitch them to their everyone on the site.  Loads of things they could do but refuse to do.</description>
		<content:encoded><![CDATA[<p>&#8220;By AOL writing down Bebo clearly indicates that the social networking business model is not as great as bubble valuations put on Facebook and LinkedIn.&#8221;</p>
<p>That&#8217;s because no one knows how to fucking use them; they think ad revenue is going to pay for everything.  Social networking sites have millions of consumers at their disposal that they refuse to sell their own home-grown products too (for the most part.)  Facebook has created a few products like the virtual gifts etc. so it seems to be on the path to understanding how you can pitch products to people w/out annoying them.  With all their VC money, Facebook could easily create exclusive video clips that some people would be willing to pay 99 cents for.  They could hit different demographics.   They could make a series of non-free iphone apps and then pitch them to their everyone on the site.  Loads of things they could do but refuse to do.</p>
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		<title>By: Tom McKenna</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2616532</link>
		<dc:creator>Tom McKenna</dc:creator>
		<pubDate>Thu, 05 Feb 2009 02:04:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2616532</guid>
		<description>I am surprised to see the sub revenue growth percentage so high.  

Is that dial-up?  Is that a misprint?</description>
		<content:encoded><![CDATA[<p>I am surprised to see the sub revenue growth percentage so high.  </p>
<p>Is that dial-up?  Is that a misprint?</p>
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		<title>By: James</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2616368</link>
		<dc:creator>James</dc:creator>
		<pubDate>Wed, 04 Feb 2009 21:59:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2616368</guid>
		<description>AOL&#039;s Corp Dev Execs make $170K to $500K a year. 
The CEO and senior VPS get millions of dollars. 
WHY?
What a stupid price for bebo, no reasoning behind it, and they can&#039;t say people didn&#039;t warned them it is worth MUCH MUCH less than what they paid. Where is the penalty for all those Execs? Why aren&#039;t they fired? This is part of our economic problems - these stupid MBAs keep getting fat salaries while public money is wasted on stupid acquisitions.  
Yes, there are plenty smart MBAs out there, and smart Execs, but when something like this happens, with CLEAR understanding that it is way overpriced then people should be held accountable. 
This makes me so mad, as everyone around me - VCs, business people, etc - said at the time that the price is wrong, that they will never be able to make a profit on this one...
BTW: Same thing will happen to any acquirer of heavily subsidized, mass reach, free web property - Youtube is still loosing money, Facebook as well...just insane..</description>
		<content:encoded><![CDATA[<p>AOL&#8217;s Corp Dev Execs make $170K to $500K a year.<br />
The CEO and senior VPS get millions of dollars.<br />
WHY?<br />
What a stupid price for bebo, no reasoning behind it, and they can&#8217;t say people didn&#8217;t warned them it is worth MUCH MUCH less than what they paid. Where is the penalty for all those Execs? Why aren&#8217;t they fired? This is part of our economic problems &#8211; these stupid MBAs keep getting fat salaries while public money is wasted on stupid acquisitions.<br />
Yes, there are plenty smart MBAs out there, and smart Execs, but when something like this happens, with CLEAR understanding that it is way overpriced then people should be held accountable.<br />
This makes me so mad, as everyone around me &#8211; VCs, business people, etc &#8211; said at the time that the price is wrong, that they will never be able to make a profit on this one&#8230;<br />
BTW: Same thing will happen to any acquirer of heavily subsidized, mass reach, free web property &#8211; Youtube is still loosing money, Facebook as well&#8230;just insane..</p>
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		<title>By: Sean</title>
		<link>http://www.techcrunch.com/2009/02/04/did-aol-just-write-down-its-bebo-acquisition/comment-page-1/#comment-2616364</link>
		<dc:creator>Sean</dc:creator>
		<pubDate>Wed, 04 Feb 2009 21:55:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=41267#comment-2616364</guid>
		<description>As someone said, writing off goodwill in is usually done during a bad quarter to flush the &quot;dead weight&quot; of acquisitions off the books.  

For those who don&#039;t know, goodwill is the difference between the value difference between positive owner&#039;s equity (assets minus liabilities) and the purchase price of an asset.  So if you have owner&#039;s equity of $10m and someone pays $25m for your business, they take on your assets on their balance sheet, they add $15m of goodwill and they pay for it with cash (reducing and asset) or they take on a loan (increase a liability) to pay for it.  Goodwill is the &quot;balancing&quot; number of an acquisition for your balance sheet.

I think more importantly, this writedown signals that Time Warner is finally getting ready to sell AOL - they are reducing the value of the asset so that they can get a quick sale.  If they didn&#039;t do this now, then if someone acquired AOL for LESS than the book value TW has on their books, then TW would have to take a further writedown for selling an asset at a loss.  

Companies around the world are flushing the junk out of their balance sheets so that they can re-position their gearing ratios for when liquidity returns to the market - these big companies want to be buyers during that phase of the game!</description>
		<content:encoded><![CDATA[<p>As someone said, writing off goodwill in is usually done during a bad quarter to flush the &#8220;dead weight&#8221; of acquisitions off the books.  </p>
<p>For those who don&#8217;t know, goodwill is the difference between the value difference between positive owner&#8217;s equity (assets minus liabilities) and the purchase price of an asset.  So if you have owner&#8217;s equity of $10m and someone pays $25m for your business, they take on your assets on their balance sheet, they add $15m of goodwill and they pay for it with cash (reducing and asset) or they take on a loan (increase a liability) to pay for it.  Goodwill is the &#8220;balancing&#8221; number of an acquisition for your balance sheet.</p>
<p>I think more importantly, this writedown signals that Time Warner is finally getting ready to sell AOL &#8211; they are reducing the value of the asset so that they can get a quick sale.  If they didn&#8217;t do this now, then if someone acquired AOL for LESS than the book value TW has on their books, then TW would have to take a further writedown for selling an asset at a loss.  </p>
<p>Companies around the world are flushing the junk out of their balance sheets so that they can re-position their gearing ratios for when liquidity returns to the market &#8211; these big companies want to be buyers during that phase of the game!</p>
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