Judging by trademark applications and domain name registrations, it appears that AOL is preparing to announce a social networking site called NVIBE. AOL registered NVIBE.com on September 9, and they applied on the same day for five trademarks that describe interest- and location-based social networking services.
AOL acquired Bebo, another social networking site, for $850 million in 2008 but sold it for around $10 million two years later. Ouch. AOL has not announced any news related to NVIBE, nor has the domain been linked to the trademark applications in any way other than the date of origin, but these trademarks clearly describe the features of a full-fledged social network.
Article source: RRW http://feedproxy.google.com/~r/readwriteweb/~3/cKePkVFhUuM/is_aol_about_to_announce_its_own_social_network.php