AOL may release a competitor to the popular MySpace social networking site. The rumors has been somewhat confirmed by associates working at AOL. It seems to be a pretty good market but AOL may be too late in the game to unseat MySpace.
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MySpace and Facebook have grown in popularity over the past couple of years. The target audience is primarily teens and young adults. The venture giant Kleiner Perkins is backing Visible Path in order to push this popularity into the corporate world reported by Business Week.
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