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AOL's dropping $850MM on Bebo - a lot of cash for a company that made just $5MM last year - but cheap when you consider that's $21 per member - not the $300 that Microsoft paid with its investment in Facebook. Perhaps the amazing thing is that Time-Warner is letting AOL spend this kind of money, given that it would like to sell the troubled unit.

YouTube's making it easy for anyone to build its videos into their applications and services for free. The hot game Spore is in. Bloggers applaud.

YouTube will also soon be running on your TiVo.

The new iPhone SDK has been downloaded over 100,000 times - in one week. Developers will sell their apps through an Apple-run store and keep 70% of the loot.

Holy explosive batteries, Batman! An iPod Nano catches fire in Tokyo.

REM's latest album will be free on iLike. This is yet another digital music first for REM, who released eleven videos for a mash-up in February, and an album on MySpace wayyy back in 2004.

Viruses are flooding certain World of Warcraft forums. Admin's are fighting back but haven't nailed them all yet.