Next week, AOL says, they’ll begin to communicate the news to consumers around the shutdown of three of those properties – AOL Pictures, BlueString and Xdrive.
AOL Pictures will close in December, and users will have the chance to move photos to American… → Read More
Continuing the tradition of selling bad Web businesses for less than they were bought for (in the vein of Cnet selling Webshots for $45 million three years after paying $70 million for it), AOL is trying to unload online storage service Xdrive. Three years after buying Xdrive for a rumored $30 million (never officially disclosed), the price it is now trying to fetch is $5 million, and going south… → Read More
Below is the full text of the email AOL EVP Kevin Conroy sent out to staff on July 14, outlining the reorganization of his product groups and announcing the “sunsetting” of XDrive, AOL Pictures, MyMobile and Bluestring. This follows the news of budget cuts at AOL’s blogging properties earlier today. At the start of this year I committed to providing frequent updates on the state… → Read More
The online storage market is evolving fast. In the past, users could expect no more than a simple service where files could be slowly uploaded and downloaded from a mapped virtual drive or a simple web based interface. Little competition (and the bursting of the bubble) led to very high prices for a minimal amount of storage. Over the last year a slew of new services have launched (some are… → Read More