Aol, Mobile | featured news

How Long Before Facebook Writes Off Its $1B Purchase of Instagram?

Kevin Systrom's smartest move was to sell Instagram to Facebook early, before having to deliver even an iota of revenue. My prediction is that we’ll look back on Facebook's acquisition of Instagram as a bust—much in the same way we now view News Corp.’s purchase of Myspace, AOL’s purchase of Bebo, and Excite@Home’s purchase of Blue Mountain Arts.

 

AOL, Google Search Deal Renewed

Google Inc. will continue to provide the search results on AOL Inc.'s websites under a new, five-year deal the companies signed this week. The agreement largely reinforces an arrangement that has been in place between the two companies since 2005. But the new contract, announced Thursday, also expands their cooperation onto AOL sites for cell phones and other gadgets. And it will put AOL video content on Google Inc.'s YouTube site for the first time.

 

Subscribe to this RSS topic: Syndicate content