Khan on second social media attempt by AOL

Bloomberg

News of AOL's purchase of TechCrunch, a news blog, was favorably received by industry watchers. In addition to gaining new readers and advertisers, AOL's purchase could help foster communities of online users, according to Shahid Khan of Mediamorph. Khan also noted that the acquisition is AOL's second attempt to crack the social media space. Bebo, a ocial networking site sold by AOL earlier this year, was outpaced by Facebook and other social sites.

AOL Tires to Restore Clout With Three Acquisitions in One Day