Several sources close to InterActiveCorp (IAC) have told CNET News.com that, contrary to rumors, the media conglomerate is not purchasing youth-oriented social-networking site MyYearbook. The rumor was originally reported by Valleywag on Wednesday.
The misconception arose, one source said, because MyYearbook was one of multiple start-ups that were invited to do "mock pitches" to IAC chairman and CEO Barry Diller as part of a session at this week's exclusive Quadrangle conference (hosted by the eponymous private equity firm) at the Pierre Hotel in Manhattan. Essentially, it was like moot court for entrepreneurs.
MyYearbook was founded by … Read more
Bolt.com, best known as a video sharing site that didn't really catch on, has filed for bankruptcy and shut down. The site had been in acquisition talks with GoFish, which would have been able to cover the $10 million settlement in a copyright infringement case with Universal Music. Earlier this month, the acquisition fell through, and Bolt was essentially doomed.
But it was really MySpace, not YouTube or copyright woes, that struck the first blow to Bolt. Before it shifted its focus to video, Bolt was a teen-oriented social networking site in the days when Facebook founder Mark … Read more
User voting for the Webware 100 awards closed this morning. Thanks to everyone who voted!
We will announce the winners next week, on June 18, if all goes according to plan. We're going to use the week to write up the winners and go through our voting database to make sure all the votes are legit.
Meantime, some early observations: There were 489,467 votes cast in the Webware 100. The most popular category was Community, due in large part to the overwhelming number of votes cast for the teen social network, Gaia Online. In the entertainment category, Stardoll, … Read more
Parents of teens already dread getting their monthly cell phone bill, and it could get even worse. The reason comes from an unlikely source: soda pop.
In the coming weeks, Coca-Cola will bring "Sprite Yard" to the U.S. market, a social-networking site that targets cell-phone-toting teens (is that redundant?), with such features as personal profiles, photo sharing and online chat, according to the New York Times.
Jonathan Sackett, the head digital officer at Arnold Worldwide, makes this observation in the report: "Coke could see trouble if teenagers run up high data charges on their phones using … Read more
Last week, I attended a few panels at an SDForum event titled "Generation Tech: Plugging In With Teens," and I learned two things. One, I hate commuting and am perfectly happy to keep spending obscene amounts on rent to live in the city where I work. And two, teens are fascinating creatures. They offer some excellent insights about technology, and not only about what is "in" (though they're a great measure of that). What is most eye-opening is what a testament they are to the exponential progress of technology. The thing is, I wasn't … Read more
LOS ANGELES--Power is in the hands of the IM set.
A buzzword here at the OnHollywood conference this week is the "IM generation"--a young age group that has adopted instant messaging and texting more than any other form of digital communication.
Tony Perkins, founder of OnHollywood and organizer of the AlwaysOn Network, launched the event on Tuesday night by saying that the IM generation is driving innovation.
Perkins' statement was followed by a Thursday discussion led, in part, by a group of young panelists. It focused on how teenagers tend to not look at their gadgets and … Read more
As the Tamagotchi enters its teens, manufacturer Bandai seems to have finally realized that it needs to figure out the next step in its virtual life strategy. And it's decided to takes its concept to the people--literally.
Enter the "Human Player." Rather than focus on the creation and sustenance of make-believe pets, the Human Player's goal is to create an "on-screen mini-you" by administering a 50-question test that yields 22 personality traits, according to Gearfuse.
You can then interact with other virtual souls, going so far as to venture into other people's digital … Read more
It still smacks of urban legend to us, but some people swear that teenager-repelling sounds do exist--and work. So we wouldn't be surprised to see some desperate parents and shop owners rushing to order the "Mosquito," an ultrasonic youth deterrent from the United Kingdom, which Gizmodo says is being imported to North America. The device, distributed by a company with the irresistible name of Kids Be Gone, supposedly creates an adolescent-free zone with a range of 40 to 60 feet. We'll be right back (need to find a tape measure).
The Tamagotchi craze may have subsided years ago, but its concept survived intact. And recently, we've seen other products taking on similar tendencies, so it's not surprising that toymaker Bandai would come out with a new version.
The latest incarnation, according to Uber-Review, is worse than ever: "Now kids have to manage the thing's education, help it get a job and guide it through its career, all the while attempting to play mini-games to earn intellectual, beauty or social skill points--or risk ending up with a stupid, ugly, antisocial pet."
Sounds to us as if … Read more