Life and Style Dear Barry: Open letters have become the way high-flying individuals - and firms - get their message across

It used to be just angry celebrities (and Moses) who wrote open letters. Now, even America's top businesses are taking the president to task, says Clare Dwyer Hogg

Facebook gets more friends as 2009 revenues 'hit $900m'

The ubiquitous social networking website Facebook achieved revenues of $900m (£608m) in 2009, it was reported yesterday.

AOL to sell social network site Bebo

AOL will sell its Bebo social network site to private investment firm Criterion Capital Partners for an undisclosed sum, as it tries to restructure its business and deal with declining revenue.

James Moore: Bebo's blow-up offers lessons that Facebook must pay heed to

Outlook So bye-bye Bebo. If ever you needed confirmation that AOL has the reverse of the Midas touch, it's this deal. The former social networking phenomena that fancied itself as a rival to Facebook when the men with the minus touch came a calling with $850m less than two years ago, has been offloaded for a couple of quid, a packet of chewing gum and some football trading cards.

Bought by AOL for $850m and sold for less than $10m, Bebo finds new owners

AOL has offloaded Bebo, the social networking site that once threatened the dominance of Facebook in the UK, for a tiny fraction of the $850m (£575m) it paid for the company two years ago.

Stephen Foley: Buried in a local paper: a glimpse of the future of journalism

US Outlook: There was a new byline on the business pages of the Daily Tribune in Michigan last Sunday. It was a little byline on a humdrum story ("Maytag recalling 1.7 million dishwashers"), buried deep inside a small local paper from the rust belt of the US. But it looked to me like a vision of the future of newspapers.

Screen Talk: Warner hopes for a better Time

Hollywood insiders and shareholders alike are whooping with delight now that the decade-long struggle to merge AOL and Time Warner has finally ended. Now it's just plain Time Warner and can concentrate on "creating content". That's corporate speak for movies and TV shows such as the Harry Potter franchise, HBO's The Wire, or Gossip Girl. After the applause died down at the company's last AGM, one shareholder wondered aloud why the company couldn't go the whole hog and change its name to Warner Bros. "At least we got 'AOL' out of there," Time Warner CEO Jeffrey Bewkes (above left) replied. The magnitude of that mistake clearly still weighs on the minds of shareholders, who watched the value of their shares plunge 90 per cent in the years after AOL used its over-valued stock to buy Time Warner, an event that led to a $99bn write-off.

Bebo hope in finding teenager's killer

Detectives investigating the murder of a teenager whose badly burned body was found in a field said today they hoped to set up a Bebo site to persuade young people to contact them with information.

Life for AOL after the worst deal in history

After a painful demerger from Time Warner, profit warnings and asset sales, Stephen Foley asks if AOL has a future

Bebo's friends desert it

AOL may soon close the site it bought for $850m just two years ago

David Prosser: Bebo didn't learn lessons of history

Outlook Suddenly, the £145m that ITV lost on Friends Reunited – bought for £170m in 2005 and sold last month for £25m – does not look quite so embarrassing. AOL paid $850m (£560m) for Bebo in 2008. Now it wants out of the social networking business, it's difficult to see it getting even a tenth of that – or even who might want to buy it.

Bebo to be sold or shut down in 2011

AOL plans to find a buyer for its social networking site Bebo, for which it paid $850 million (£558 million) in 2008, or shut it down.

Questions Of Cash: 'I didn't pay enough interest to account small-print'

Q. A year and a half ago I responded to a promotional interest rate offer from Alliance & Leicester, investing £75,000 in its online saver account. After six months I received my first interest payment, which was only on £25,000. It emerged the maximum investment was £75,000. I am not normally careless, but I obviously did not read the small print. Alliance & Leicester refuses to pay the extra interest. MG, London.

Time seeks closure on the worst deal in history

The media group is desperate to consign its disastrous merger with AOL to history – a boost in profits in its first results since the split suggests it has

AOL posts profit, but subscribers dwindle

AOL Inc posted a quarterly profit and beat Wall Street's revenue expectations, even though the weak advertising market and the Internet company's dwindling subscriber base

Tom Sutcliffe: An age-old problem that affects us all

So what's it to be then? A "martini and a medal", Martin Amis's deliberately provocative shorthand for street corner euthanasia booths, or "flexible working" until we drop in the traces? Are Britain's old people a demographic time-bomb, or are they a resource that we can't afford to waste (or, more bluntly, just can't afford unless they chip in themselves)?

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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
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A new Russian revolution: Cracks start to appear in Putin’s Kremlin power bloc

A new Russian revolution

Cracks start to appear in Putin’s Kremlin power bloc
Eugene de Kock: Apartheid’s sadistic killer that his country cannot forgive

Apartheid’s sadistic killer that his country cannot forgive

The debate rages in South Africa over whether Eugene de Kock should ever be released from jail
Standing my ground: If sitting is bad for your health, what happens when you stay on your feet for a whole month?

Standing my ground

If sitting is bad for your health, what happens when you stay on your feet for a whole month?
Commonwealth Games 2014: Dai Greene prays for chance to rebuild after injury agony

Greene prays for chance to rebuild after injury agony

Welsh hurdler was World, European and Commonwealth champion, but then the injuries crept in
Israel-Gaza conflict: Secret report helps Israelis to hide facts

Patrick Cockburn: Secret report helps Israel to hide facts

The slickness of Israel's spokesmen is rooted in directions set down by pollster Frank Luntz
The man who dared to go on holiday

The man who dared to go on holiday

New York's mayor has taken a vacation - in a nation that has still to enforce paid leave, it caused quite a stir, reports Rupert Cornwell
Best comedians: How the professionals go about their funny business, from Sarah Millican to Marcus Brigstocke

Best comedians: How the professionals go about their funny business

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The Guest List 2014: Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks

The Guest List 2014

Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks
Jokes on Hollywood: 'With comedy film audiences shrinking, it’s time to move on'

Jokes on Hollywood

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It's the best of British art... but not all is on display

It's the best of British art... but not all is on display

Voted for by the British public, the artworks on Art Everywhere posters may be the only place where they can be seen
Critic claims 'I was the inspiration for Blanche DuBois'

Critic claims 'I was the inspiration for Blanche DuBois'

Blanche Marvin reveals how Tennessee Williams used her name and an off-the-cuff remark to create an iconic character
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Sometimes it's hard to be a literary novelist

Websites offering your ebooks for nothing is only the latest disrespect the modern writer is subjected to, says DJ Taylor
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Edinburgh Fringe 2014

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Dame Jenny Abramsky: 'We have to rethink. If not, museums and parks will close'

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