Bebo founder buys back social network for $1M

Long forgotten 8-year-old social network Bebo, which AOL bought for $850 million in 2008, is escaping near death once again.

Original Bebo co-founder Michael Birch said in a tweet Monday that he has purchased the property from owner Criterion Capital Partners (CCP) for $1 million with plans to reinvent the site. AOL sold Bebo to CCP three years ago for reportedly less than $10 million.

We just bought Bebo back for $1m. Can we actually re-invent it? Who knows, but it will be fun trying...

— Michael Birch (@mickbirch) July 1, 2013

The social property never got close to accumulating a … Read more

Myspace cool again? New site sees 31M unique visitors in first 2 weeks

Clawing its way out of the grave, Myspace said Thursday that its refurbished social network is off to a good start, attracting 31 million unique visitors in the two weeks since it started a massive $20 million advertising campaign to craft its image as a cool place for creatives and music fans.

Earlier this month, after more than two years of development, Myspace took the beta label off its re-imagined streaming-music service and network for creatives. The company also simultaneously released an iPhone app for radio play and animated GIF creation.

The new Myspace, the product of Justin Timberlake and … Read more

Comcast ditches the DVR for cloud recordings

CNET Update is posting to Myspace:

In this episode of Update:

- Learn how Comcast and other cable providers are updating set-top boxes and channel guides.

- Give your smartphone more camera with the Galaxy S4 Zoom coming out later this year.

- Prepare for Google Maps to get more social, now that Google bought the app Waze.

- Rock out with music stations and GIFs on Myspace's new iPhone app.

CNET Update delivers the tech news you need in under three minutes. Watch Bridget Carey every afternoon for a breakdown of the big stories, hot devices, new apps, … Read more

Justin Timberlake's Myspace releases iPhone app -- with GIFs

Five months after launching the new Myspace to the public, Justin Timberlake and friends are making their social service for creatives, artists, and their fans available on the iPhone, perhaps where it was meant to be all along.

In 2011, Specific Media co-founders Chris and Tim Vanderhook and their music-mogul pal Justin Timberlake acquired what was left of the forgotten social network for $35 million. Since then, a Los Angeles team has set about rebuilding Myspace into a destination people actually want to visit -- not for traditional social networking per se, but for streaming music and connecting to everything … Read more

New Myspace sees big losses -- just like old Myspace

The new Myspace has had a tough first year and is again looking for funding.

According to Business Insider, a little more than year after Interactive Media Holdings -- which is mostly owned by the Vanderhook family -- took control of Myspace, the company has lost more than $40 million on $14 million in revenue this year.

Myspace expects to lose another $25 million in funding next year, according to the documents. Meanwhile, the company is out looking to raise $50 million in investment, says Business Insider.

Too much shouldn't be made about the losses, as the new Myspace … Read more

The new Myspace: SexyBack, or Dead and Gone?

You have to hand it to Myspace: every time you think it's Dead and Gone, it comes back with a new engine and a new coat of a paint.

After months of work and a change of owners headlined by Justin Timberlake, the beaten and battered social network is ready to spread its wings and show itself off to the world.

The result? An absolutely gorgeous website that tries to solve problems that Pandora, Spotify, and Vevo have already conquered.

I decided to crash Myspace's press event on Thursday (sorry Ketchum PR, I was in the area!). Luckily, … Read more

New Myspace to be segregated from old Myspace

When the revamped Myspace launches over the coming months, new users of the once-high-flying social network will be kept separate from veteran users of "classic Myspace."

That was the word from CEO Tim Vanderhook during an interview published today on about plans for what is being called "new Myspace."

"There will be a separate section for our consumer base using the classic Myspace," Vanderhook told ABC. "We are going to leave it up for quite awhile. We will make a decision at a later date if we will ever take down … Read more

Myspace gets a new face

Tuesday's CNET Update is bringing sexy back to Myspace:

Myspace is getting an extreme makeover. The former king of social media has a video teaser of what the site's relaunch will look like. It's focused around displaying your photos, videos and music in a horizontal-scrolling profile. It looks like a mash-up between Pinterest and Microsoft's Windows 8 interface.

Music is still a major part of Myspace. There's an area to create playlist mixes, and those mixes can also have photos. (You could post a party playlist along with the party photos, for example.) There's … Read more

Myspace settles with FTC over ad privacy flap

Myspace and the Federal Trade Commission have reached a settlement over charges that the social network let advertisers access user information without first asking for permission.

As part of the settlement, Myspace will implement a new privacy program that requires "independent privacy assessments" and runs for the next 20 years.

The original issue stemmed from a behavior that gave advertisers access to Myspace users' Friend IDs, unique identifiers that linked to user accounts on the service. The FTC alleged that Myspace was breaking its own privacy policy by not alerting users about the behavior, or asking for their … Read more

Buzz Out Loud 1583: Let Whurley, the evil genius, blow your mind (Podcast)

On today's show, we talk to the guys from Chaotic Moon Studios, the ones building Kinect-controlled skateboards and shopping carts and more. They're moving into mind-controlled devices. No, really. Also, the problem with Google's new privacy policies: Web search! The iPad 3 rumor roundup, how to make the most of Google+, and Windows 8 vs. OS X Mountain Lion.

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