
The runaway success that MySpace has enjoyed after News Corp. (Research) bought it has the rest of the media world convinced of the value of social networking websites. Indeed, word on the street has been that Time Warner's (Research) AOL would use its AIM instant messenger as a platform to jump on the social networking bandwagon. The B2Day blog reported in March that the project was codenamed "AIMSpace" and was expected to launch in mid-April. AOL exec Tina Sharkey argued that AIM was already the "largest social network in the world."
AOL program manager Armughan Javaid confirmed existence of AOL's MySpace killer, claiming the service "will be open for non-members, and it will be kick-ass!" A note to Javaid.
source: here
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