Internet giants AOL have sold the social networking site Bebo after owning it for just two years. In a surprising move, the company has sold the site to small private investment company Criterion Capital Partners. (more…)

The massive rise of Facebook has had huge implications for the internet as a whole, many of the biggest companies have made specific changes to their services to either accommodate or compete with the social networking giant, but this meteoric rise of Facebook is inevitably going to cause some casualties. (more…)