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AOL to Shut Down Xdrive and Other Services

AOL will put out to pasture Xdrive, a hosted-storage service for individuals; AOL Pictures, a photo sharing and management site; and Bluestring, designed for sharing photos, music and videos, according to an internal memo obtained by technology news site TechCrunch. In the memo, AOL Executive Vice President Kevin Conroy said these and mobile services AIM World and MyMobile will be "sunset" because they haven't gained enough popularity. A source close to AOL said the leaked memo is legit and that it was intended solely for Conroy's team. AOL's popularity problem among end users and advertisers seems widespread, judging by the anemic growth AOL achieved in advertising revenues in the first quarter: 1 percent, when compared with the same quarter last year. AOL has been on a years-long shift away from its traditional business,... [read full story]                    

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