AOL's MySpace Killer

AOL/News/Article/Nicholas Carlson
Found on: internetnews.com

AOL today told internetnews.com that it is building a social-networking site likely to compete with News Corp.'s MySpace.com.

"We have something that we're working on," AOL spokesperson Anne Bentley told internetnews.com.

Several AOL employees have left comments on various blogs echoing confirmations.

Social-networking sites only recently exploded into business relevancy. Many started paying attention when News Corp. bought MySpace for a $580 million two summers ago.

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