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Friday, January 20, 2006 

AIMSpace

AOL: MySpace Invader

Did you think MySpace (NWS ) could blow up this big, this fast without anyone else noticing? Time Warner's (TWX ) AOL is readying its bid for the MySpace.com, um, space.

It won't be a site per se. Rather, the online giant is building a platform off its massively popular AOL Instant Messenger service to better enable its users to share and create content. That the internal shorthand for the project is "AIMspace" -- don't count on that being its real name -- testifies to how tightly the company plans to tie it to AIM, which the company says has 43 million users. (What is an IMer's "buddy list" if not a social network?) I

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