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Monday, 2 March 2015

TASTY TECH EYE CANDY OF THE WEEK XL


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Tasty Tech Eye Candy Of The Week (Mar 1)
By Tracy Staedter,
Discovery News, 1 March 2015.

Alternative power, from sunlight to human muscle, tops out this week's Tasty Tech gallery.

1. Futuristic Quantum Airplane

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Oscar Viñals is at it again. From the designer who brought us Sky Whale, comes the AWWA·QG Progress Eagle concept plane, which has six hydrogen fuel cell engines, rear wind generators for electrical power and quantum solar cells to harvest sunlight. The sweeping curves reduce drag and produce 75 percent less noise than current planes. Viñals thinks the plane could be airborne by 2030. We can only hope. [Video]

2. LED Aurora

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Everything is illuminated. The Netherlands' Studio Roosegaarde, who brought us the glowing bicycle path and glow-in-the-dark roads, offers a new project, Waterlicht, a light installation that uses LEDs and lasers to light up the heavens with a display reminiscent of the aurora borealis. The sea of light is meant to bring awareness to the Dutch dykes nearby that keep seawater from flooding the country.

3. Electric Pickup Truck, Kangoo

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The French company Kollé is offering a conversion kit that can transform the Renault Kangoo Z.E. into an electric vehicle. Kollé claims this light-delivery truck will have a top speed of 81 mph and a payload capacity of around 1,400 pounds. Range on a full battery charge looks to be around 106 miles.

4. Aston Martin Vulcan

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This week at the Geneva Motor Show, Aston Martin will be showing off its latest creation, the Vulcan. It was designed by chief creative officer Marek Reichman and sports a 7-litre, V12 engine to produce more than 800 horsepower. Live long and prosper.

5. Hybrid Car Bike

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If a V12, 800-horsepower engine sounds a little over-the-top, then set your sights on this hybrid pedal-powered bike. It uses a flywheel to augment pedalling energy so that the cyclist can get the vehicle's speed up to 100 miles per hour. Let's hear it for human power. [More at Kickstarter]

6. Polar Interactive Content Presenter

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You can't help but think of Minority Report when seeing this interactive, gesture-based display. It uses a Leap Motion sensor to pick up hand motions to control four HD projectors. An iPad controller is used to switch content. Watch the Vimeo video for an exciting peek at the future.

7. Cloud Sculpture

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Installation artist Charles Pétillon wants us to look twice at otherwise blank or abandoned spaces. He uses clusters of white balloons to fill empty houses, playgrounds, golf courses, forest clearings and more. The series is called Invasions and you can see more images here and video.

8. Dutch Windwheel

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More cool stuff from the Dutch. This proposed structure called Dutch Windwheel is a a 571-foot building that would house a roller coaster, apartments, a hotel, a restaurant and a bladeless wind turbine that would generate electricity. Several local businesses have partnered to make it a reality, showcasing the country’s clean energy industry.

9. LED Snake Lamp

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This funky LED lamp from Oikimus Design can be twisted at the joints into a variety of shapes to suit your whim. See the video for inspiration.

10. Nomadic Plants

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These sensor-ladened plants grow on robots programmed to move into the light. Soybots, created by Shannon McMullen and Fabian Winkler, roam a museum exhibit hall seeking out the optimum light. On-board sensors transmit data to a computer screen that displays daily averages of light absorbed and distances travelled. It hints at the future where gardens could become mobile and grow without human intervention.

Top image: The Dutch Windwheel building. Credit: Dutch Windwheel.

[Source: Discovery News. Edited. Top image and some links added.]

NATIONAL GEOGRAPHIC'S BEST SPACE PICTURES THIS WEEK XLIX


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Week's Best Space Pictures: Curiosity Drills, Nebulae Illuminate, and Hubble Peers
By Jane J. Lee,
National Geographic News, 27 February 2015.

Curiosity makes its third foray into Martian soil, nebulae light up a winter night, and Hubble peers into deep space in this week's best space photos.

1. Winter's Horseman

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Both the Orion (left) and the Horsehead (right) Nebulae light up a winter's night over Tehran, Iran.

The Orion Nebula - located 1,300 light-years away from Earth - is an area where new stars are forming. To the naked eye, it appears as a tiny smudge below the belt in the Orion constellation.

The Horsehead Nebula - officially known as Barnard 33 - also acts as a stellar nursery, giving birth to low-mass stars. Researchers at Harvard College Observatory first imaged this famous celestial object in 1888, but they didn't discover it. That honour goes to Williamina Fleming, a maid in the home of astronomy professor Edward Pickering, who hired her to catalogue the stars he was imaging. It seems the astronomy professor wasn't satisfied by the work done by his male employees, and stated that his maid could do a better job. (See "6 Women Scientists Who Were Snubbed Due to Sexism.")

Fleming developed a star classification system - now known as the Pickering-Fleming system - based on a star's spectra, or how its light refracts through a prism. She went on to catalogue 10,000 stars over nine years. (See "Why It's Crucial to Get More Women Into Science.")

2. A Mojave Selfie

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The Mars Curiosity Rover may be 140 million miles (225 million kilometres) away, but it can still send us selfies. Here is the intrepid robot at its second drilling site on Mount Sharp in an area of Mars called Mojave.

The rover's Mars Hand Lens Imager took a series of photos of the robot, which researchers then stitched together into Curiosity's self-portrait. To get a clean view, scientists used images that didn't show the rover's arm in a selfie pose. (Watch how Curiosity took a selfie two years ago.)

3. Star Light

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This extreme ultraviolet view of the sun is perfect for seeing our star's outer atmosphere - or corona - ablaze with solar flares and massive outbursts called coronal mass ejections. The images also enable researchers to spot coronal holes, open regions in the sun's magnetic field that appear as dark blotches.

Their darker appearance is due to their less dense and cooler nature relative to their surroundings. Those openings also allow particles to escape into space and are the source of solar winds.

4. On Approach

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NASA's Dawn spacecraft captured these images of Ceres as the dwarf planet completed one full rotation. Dawn is scheduled to settle into orbit around Ceres on March 6. The pockmarked planet will be the spacecraft's second stop; Dawn first studied the asteroid Vesta. (Learn why Vesta may have been the source of Earth's water.)

Researchers believe both Vesta and Ceres were born early in our solar system's history. They hope that studying these early inhabitants will give them an idea of the solar system's early conditions. (See "New Photos of Dwarf Planet Ceres Reveal Mysterious Bright Spots.")

5. A Deep View

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This tiny slice of the southern constellation Tucana is the deepest visible and ultraviolet light image ever taken of a part of the universe. It was possible thanks to the Hubble Space Telescope.

6. A New Hole

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The NGC 2276 galaxy, shown here in x-rays (pink) and visible light (red, green, and blue), harbours a newly discovered object known as an intermediate-mass black hole (inset). Smaller than supermassive black holes, intermediate-mass black holes may eventually grow as big as their gargantuan brethren. (See "Gigantic Black Hole Discovered From the Dawn of Time.")

7. Drilling Down

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The Mars Curiosity rover drilled a dime-size hole into a rock dubbed "Telegraph Peak" on Mount Sharp. It's the third such site for the robot, and studying the chemistry of the rock could give researchers a glimpse into how ancient, wet environments on Mars dried out.

Photo gallery by Sherry L. Brukbacher.

[Source: National Geographic News. Edited. Top image and some links added.]

Sunday, 1 March 2015

10 INTRIGUING AND MYSTERIOUS ARCHAEOLOGICAL SITES


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10 Intriguing And Mysterious Archaeological Sites
By Heather Ramsey,
Listverse, 1 March 2015.

Archaeology aims to answer our questions about the past and, with any luck, give us some perspective on our present and future. But sometimes, artefacts raise mysteries that may never be solved. Like reading an engrossing novel with an ambiguous ending, you’re left to savour the possibilities without ever being fully satisfied.

10. The Temple People Structures (Malta And Gozo)

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Photo credit: Berthold Werner

The Temple people existed on the islands of Malta and Gozo in the Mediterranean for about 1,100 years (from 4000–2900 B.C.) then simply vanished without a related culture to succeed them. As far as archaeologists can tell, the cause of their disappearance wasn’t invasion, starvation, or disease. It’s possible that religious extremism and environmental factors contributed to their demise, but no one really knows.

Archaeologists are studying the islands to learn more about these mysterious people. They were obsessed with building stone temples, covering both islands with more than 30 temple complexes during the time they lived there. In fact, the Temple people are credited with building the oldest free-standing stone structures ever found. Researchers found extensive evidence of animal sacrifices and complicated rituals within the structures, as well as a civilization fixated on life, sexuality, and death. Phallic symbols, figurines of fertile “fat ladies,” and other sexual representations were common.

The archaeologists also found hypogea, or complex underground burial chambers, which confirm the Temple people’s respect for the dead. Over time, these people seemed to do more communal burials, suggesting a matriarchal society based on grave gifts presented only to the females.

They also created an abundance of artwork, including hundreds of statues, that took three main forms: elaborately dressed figures, naked fat figures, and monstrous or abbreviated forms like phallic symbols. Such rich artwork was unusual for its time.

Archaeologists are continuing to study soil samples and other evidence to determine what an average day was like for the Temple people, whom they may have traded with, and why they died.

9. Por Bajin (Siberia)

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High in the mountains in the middle of a lonely Siberian lake, scientists discovered the most mystifying archaeological site in Russia in 1891. Por-Bajin (which means “Clay House “) is a 1,300-year-old structure of 7 acres that takes up most of the small island on which it sits. Containing a maze of over 30 buildings, its high outer walls sit only 30 kilometres (20 mi) from the border with Mongolia. But over a century since its discovery, archaeologists are no closer to understanding who built this structure or why.

At first, researchers thought Por-Bajin was an ancient fortress of the Uighur Empire, nomads who ruled southern Siberia and Mongolia from 742–848. It’s constructed with a Chinese architectural style from that time. However, it’s so out of the way of trade routes and other settlements that competing theories eventually arose. Maybe it was a monastery, a summer palace, a memorial for a ruler, or an observatory for the stars. Evidence is accumulating that a Buddhist monastery was at the centre of the complex, although only a few artefacts have been unearthed.

The complex does not appear to have been inhabited for long. Archaeologists found indications of earthquakes that may have caused a fire that burned some of the original site. However, the fire appears to have occurred after the island was abandoned for reasons unknown.

8. Etruscan Underground Pyramids (Italy)

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Photo credit: David George

“Most likely, the answer waits at the bottom,” said archaeologist Claudio Bizzarri of the extraordinary mystery posed by the discovery of an Etruscan pyramid underneath the medieval city of Orvieto, Italy. “The problem is we don’t really know how much we have to dig to get down there.” The excavators found it almost four years ago and still don’t have a clue what awaits them.

It all started when they noticed Etruscan-style stairs carved into a wine cellar wall. As they began to dig, they found tunnels and eventually a medieval floor. The walls slanted upward like a pyramid. Continuing down, they unearthed Etruscan pottery from the fifth and sixth centuries B.C. in addition to other artefacts from before 1000 B.C. They’ve also found over 150 Etruscan language inscriptions.

As they resumed digging, the stone stairs went down with them. The discovery of another tunnel leading to a different underground pyramid added to the intrigue. So far, they’ve been able to rule out that it’s a cistern or a quarry. But that still leaves a lot of possibilities.

The Etruscans themselves remain a historical puzzle. They thrived in Italy from about 900–400 B.C., then they melded into the Roman Empire. Although they left no literature to help decipher their language, the Etruscans were known for their exquisite metalworking, art, farming, and commerce. Until these most recent finds, the only information we had about them came from their ornate tombs. The archaeologists hope that these underground pyramids will shed some light on the daily activities of the Etruscans.

7. Ancient Tundra Landscape (Greenland)

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Photo credit: Brocken Inaglory

Until recently, geologists believed that glaciers act as forces of erosion, scraping away everything they move over, from plants and soil to the upper layer of bedrock. But now, scientists have to rethink that theory because a tundra landscape from ancient times has survived under 3 kilometres (2 mi) of ice from the Greenland Ice Sheet, which covers 80 percent of the country and is the second largest body of ice in the world. Organic soil was frozen to the underside of the ice sheet for over 2.5 million years.

“The ancient soil under the Greenland Ice Sheet helps to unravel an important mystery surrounding climate change,” said researcher Dylan Rood. “How did big ice sheets melt and grow in response to changes in temperature?”

Global warming shrank the ice sheet at times during the last three million years but never fully melted it. Instead, regardless of how warm the Earth became, the ice sheet remained stable at its centre where the soil froze underneath. That also means that Greenland was truly green at one time, much like the tundra in Alaska.

But there are still many questions left to explore. For one, we don’t know how much of the ice sheet melted and how much remained stable over the years. Scientists have to study other sites in Greenland to test if soil was preserved in those areas, too. We also don’t know how the ice sheet will behave in the future. If all of the ice would melt from global warming, we’d see a rise of 7.2 meters (24 ft) in the global sea level. The implications of such a drastic change aren’t completely clear.

6. The Lost Temple Of Musasir (Iraq)

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Photo credit: Dlshad Marf Zamua

In the Kurdistan region of northern Iraq, villagers recently discovered archaeological treasures dated to the Iron Age over 2,500 years ago. Quite by accident, they found column bases believed to be from the lost temple of Musasir in one village. They also uncovered other artefacts, including life-size statues of humans and a statuette of a goat, in a larger area that includes the borders of Iran, Iraq, and Turkey. Around the time these items were created, the geographical area that is now northern Iraq was ruled by Musasir, an ancient Urartu city. However, the Assyrians, Scythians, and Urartians were all battling for control of the area at that time.

Musasir was known as the “holy city founded in bedrock.” Urartian kings prayed for military victory to their supreme warrior god, Haldi, to whom the temple of Musasir was dedicated. The Urartians were so passionate about their god and his temple that Urartu King Rusa I committed suicide in 714 B.C. after the Assyrians plundered it.

Although the column bases have been uncovered, the location of the temple is still unknown. But archaeologists are getting closer. Originally placed above grave sites, the recovered statues are believed to have been an important part of burial rituals. Adding to the mystery is a cuneiform inscription on the goat statuette. Researchers are attempting to decipher it as they continue their quest to learn more about the historical events in this part of Iraq.

However, their research is not without serious physical risk. Although the Musasir site is protected by the Kurdistan militia, there are unexploded land mines from past conflicts in this border region, Iran has recently fired weapons toward Iraq, and ISIS has taken control of several Iraqi cities (although Kurdistan is autonomous for now).

5. The Han Dynasty Palace In Enemy Territory (Siberia)

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Photo credit: Henan Museum

When Russian crews were working on a road near the Mongolian border, they accidentally unearthed the foundation of an ancient palace just outside the Russian city of Abakan. Archaeologists took over from there and by 1940 had excavated the site completely. But they’ve never solved the mystery that goes with it.

The archaeologists found the remains of a huge palace from 2,000 years ago. However, the palace was constructed in the style of the Han Dynasty of China, which reigned from 206 B.C. to A.D. 220 hundreds of miles away. The location of this palace was squarely in enemy territory controlled by the Xiongnu Khanate Empire. The Xiongnu were so relentless that North China kingdoms eventually built barricades, which became the Great Wall of China, to try to stop their invasions.

No Xiongnu records explain what happened. But historians have pieced together two theories from Chinese records. The first theory is that the palace belonged to Lu Fang, a pretender to the throne of the Han Dynasty, who ultimately defected to Xiongnu territory with his family. He remained there until his death 10 years later.

A second, more dramatic theory is that Li Ling, who led a Han army of 30,000 soldiers against the Xiongnu, endured a crushing defeat and surrendered to his enemy. But Emperor Wu, who ruled the Han Dynasty, believed that Li had defected in an unforgivable act of betrayal. As a result, he punished the Li family severely. When Li learned what happened to his family, he defected for real and trained the Xiongnu in Han military techniques. In exchange, the Xiongnu rewarded Li by letting him build a palace in their territory. However, no one can prove either theory.

4. The Seven Provincial Pyramids (Egypt)

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Photo credit: Tell Edfu Project

In southern Egypt around the ancient settlement of Edfu, archaeologists discovered a step pyramid decades older than the Great Pyramid of Giza. At 4,600 years old, this three-step pyramid belongs to a group of seven “provincial pyramids” constructed of sandstone blocks and clay mortar in various areas of southern and central Egypt. It’s unknown which pharaoh built them, although the possibilities have been narrowed to Huni or Snefru. The Edfu pyramid stands only 5 meters (16 ft) high today, although it was once about 13 meters (43 ft) high. It’s believed that a combination of pillaging and destructive weather reduced its dimensions. Including the one at Edfu, six of the seven pyramids are nearly identical in size.

“The similarities from one pyramid to the other are really amazing, and there is definitely a common plan,” said Gregory Marouard, who spearheaded the work at Edfu. However, no one knows why these pyramids were built. They don’t contain internal chambers, so they weren’t meant to be used as tombs. Archaeologists have found inscriptions by the remains of children buried at the foot of the Edfu pyramid. But they believe the burials and associated inscriptions occurred well after the pyramid was constructed. That leads researchers to believe that the pyramid may have been a symbolic monument attesting to the pharaoh's power, a belief bolstered by the discovery of an installation for food offerings on one side of the pyramid.

3. Divination Shrines (Armenia)

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Photo credit: Adam Smith

In excavations from 2003–2011, archaeologists found three shrines about 3,300 years old nestled in an Armenian fortress in the town of Gegharot. Several similar installations were also constructed in Armenia at that time. They were most likely used for divination, probably as a way for local rulers to predict their futures.

Each one-room shrine contained a clay basin that held ash and ceramic vessels. Other artefacts suggest that the diviners drank wine and burned unknown substances to alter their mental states. “I would think that this is probably a cult centre largely specializing in servicing the emerging rulers from the ruling class,” said Professor Adam Smith of Cornell University.

Armenia didn’t have a written language at this time, so the names of the rulers are not known. However, archaeologists discovered evidence at the site of three methods of divination: osteomancy, lithomancy, and aleuromancy.

Osteomancy uses animal bones to predict the future. You roll burned or otherwise marked knucklebones of cows, goats, or sheep. Your future depends on whether the marked or unmarked side of the bone comes up. With lithomancy, you supposedly use coloured pebbles to foresee events, but the researchers don’t know how it was done. Finally, aleuromancy tells you what will happen using flour or baked dough balls, which may have been stamped with different shapes.

After about a century, the shrines were destroyed along with all the fortresses in this region, possibly in an event the overthrown rulers didn’t foresee.

2. Buddhist Temple (Bangladesh)

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Photo credit: Dhaka Tribune

A recent archaeological discovery promises to provide tantalizing clues to the early life of Atish Dipankar, a revered Buddhist saint, who was born in Bangladesh more than 1,000 years ago. The site contains the remains of a Buddhist town and temple at Nateshwar of Tongibari Upazila in Munshiganj. Although the ruins haven’t been formally dated yet, they appear to have the architectural design of a town from a millennium ago. Inscriptions show that Munshiganj, once known as Bikrampur, was the wealthy capital of ancient Bengal.

“We have found two concrete roads here, which is proof the ancient civilization had advanced engineering and architectural capabilities,” said archaeologist Sufi Mostafizur Rahman. “They also tell us a lot about how these ancient people used to plan and design their habitats and cities. These also go to show that Munshiganj was once one of the most prosperous realms in this part of the world.”

But even more importantly, the newly discovered Buddhist temple may be the one where Dipankar taught and worshiped before he left for Tibet. The researchers hope to learn more about his early life, which is largely an enigma right now. Also, with the practice of Buddhism waning in this area, some people hope this archaeological discovery will transform the region into a pilgrimage centre and renew interest in Buddhism here.

“Touching the soils and walls here, my hands have felt Atish Dipankar’s birthplace that had remained in his memories till his last days in Tibet,” said archaeologist Chai Hunabo. “Here, I can feel the religious reformation in Buddhism that had taken place from the tenth to the 12th century.”

1. Tel Burna (Israel)

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Photo credit: Joeuziel/Wikimedia

Tel Burna in south-central Israel is another site that may be steeped in religious history. Archaeologists have discovered an Iron Age fortified settlement and artefacts that suggest to some scholars that Tel Burna is actually the biblical town of Libnah, one of the locations where the Israelites stopped during the Exodus when Moses led them out of Egypt. If so, the town would have been part of the Kingdom of Judah, which also included Jerusalem.

In ancient times, this region was the border between the Kingdom of Judah in the east and the Philistines in the west. Until as recently as 2009, Tel Burna had not been seriously researched. However, the true identity of Tel Burna has been the subject of intense debate for over 100 years.

“This identification [of Tel Burna as Libnah] was based mainly on geographical and historical arguments. To date, there are other candidates for the location of ancient Libnah, including nearby Tel Zayit,” said archaeologist Itzhaq Shai. “However, the exposed archaeological remains at Tel Burna support this identification, with both the geographical, survey, and excavation data fitting well with what we know and expect from a border town in the Iron Age.”

Although the artefacts may suggest a Judahite presence, the mystery of Tel Burna and Libnah is far from resolved.

Top image: Tel Burna. Credit: The Tel Burna Excavation Project.

[Source: Listverse. Edited. Top image added.]

10 WORST INTERNET BUSINESS DEALS


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10 Worst Internet Business Deals
By Robert Grimminck,
Toptenz, 28 February 2015.

Buying or merging websites and tech companies can be a risky move for a variety of reasons. People’s interest can be fluid, competition can spell disaster and the product may not work as promised. While some deals do pay off, like Google buying YouTube or Amazon buying IMDb, there are other acquisitions that cost the buyer massive amounts of money and only end up being disastrous.

10. News Corporation buys MySpace for US$548 Million

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In the early days of social networking one of the major players was MySpace, which was launched in 2003 by Chris DeWolfe and John Carmack. In 2005 MySpace was getting 20 million unique visits a month, and that’s when News Corporation (which also owns FoxNews and 20th Century Fox), purchased the website for $580 million. After purchasing it they were getting 70 million visitors a month, but it was unclear if MySpace ever made News Corp. any money. The division of News Corp. which MySpace was a part of only turned a profit once, and that was thanks to Google Advertising. In the end, News Corp. ended up selling MySpace to Specific Media and Justin Timberlake for US$35 million in June 2011.

9. Excite@Home Buys Blue Mountain for US$780 Million

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One of the first features that drew a lot of people to the Internet was email. The idea of instantly sending someone a letter was an incredibly appealing idea, which is why sending greeting cards over the Internet seemed like the next logical step.

One of the first companies to do eCards was Blue Mountain. It was bought in December 1999 by Excite@Home for US$780 million, which was considered an odd move. While Blue Mountain did have some premium cards that people could buy, most of the cards were free. Most of their revenue came from advertising and they were getting nine million unique visitors a month, which isn’t a lot for a company valued at US$780 million. Even if every visitor was somehow worth US$1 million (which of course they weren’t), it would still take seven years to recoup the money. Two years later, Excite@Home was in serious trouble and they sold off Blue Mountain to American Greetings in September 2001 for US$35 million, only about 4% of their original purchase price.

8. Yahoo! Buys GeoCities for US$2.9 Billion

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During the 1990s, one of the exciting things about the Internet was that anyone could build their own personal page. One of the most popular platforms to post a free web page was Geocities, which launched in 1994. In 1999 Yahoo bought Geocities for US$2.9 billion.

When it was purchased, GeoCities was the third most visited webhost and had 1.1 million users. It may have seemed like a smart investment, but then along came social networking sites like MySpace and Facebook. They were much easier for posting information, and GeoCities quickly lost traction. In April 2009, Yahoo decided to stop supporting GeoCities and it would no longer offer free websites, with the exception of Japan where it’s still in operation.

7. AOL Buys Netscape for US$4.2 Billion

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Launched in 1994, Netscape was one of the first widely available web browsers. In fact, Microsoft created Internet Explorer to compete with Netscape. At one point during the mid-90s, Netscape had 90% of the market share. In 1999, America Online purchased the browser for US$4.2 billion, making it the default browser for AOL users.

However, as part of AOL, Netscape was essentially driven into the ground. By 2007, the once mighty Netscape had lost to Microsoft and a new competitor, Mozilla’s Firefox. Netscape accounted for less than 1% of the web browser market, and AOL stopped supporting Netscape in December 2007.

6. Yahoo! Buys Broadcast for US$5.7 Billion

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One of the most lucrative ventures on the Internet is streaming videos. Netflix and YouTube have proved how profitable this can be, but one of the early pioneers was Broadcast.com, created by Mark Cuban and his partner Todd Wagner. Started in 1995 as an Internet radio company, it was one of the leading media websites by 1999.

Yahoo, which was looking to expand their brand, bought Broadcast.com for US$5.7 billion in 1999. In theory it might have been a good idea, but in 1999 the technology for fast streaming video simply wasn’t there. For live events the streaming was choppy, while their library of movies was limited and they took a long time to load. Broadcast.com never turned a profit before it was sold to Yahoo, and even after Yahoo bought it Broadcast never took off. In 2005 YouTube launched and became the dominant video streaming platform, and Broadcast.com no longer exists.

5. Microsoft Buys aQuantive for US$6.3 Billion

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Looking to make money for their online services, Microsoft purchased aQuantive for a staggering US$6.3 billion in May 2007. aQuantive was an online advertising company, and with the purchase Microsoft was hoping to compete with Google and thought that they would be “[the] industry leading, Internet-wide advertising platform.” That never came to fruition, and Microsoft never made money for their online services. In fact, they lost US$10.4 billion over five years. In 2012, Microsoft valued aQuantive at US$100 million, meaning the company had lost US$6.2 billion in value in five years.

4. Excite Buys @Home for US$6.7 Billion

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Before the dawn of Google there were a number of search engines fighting for users, and one of the front-runners was Excite. Wanting to expand their business they acquired @Home, a high speed Internet provider, for US$6.7 billion in 1999. It was a horrible move from the very start. In 2000 the company lost US$7.4 billion. They were forced to file for bankruptcy in October 2001. By February 2002 the company was finished and @Home’s network access was sold to A&T for US$307 million. Excite was bought by Ask Jeeves for only US$10 million.

3. Terra Networks Buys Lycos for US$12.5 Billion

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Four years after launching in 1996 Lycos was the third most visited website in the United States, attracting 33 million unique visitors a month. During their ascension, the Internet search portal bought a number of other websites, including Tripod, Angelfire and Hotbot. In May 2000, Spanish telecommunications company Terra Networks bought the portal for US$12.5 billion in stock.

By 2004, Terra Networks was ready to sell Lycos and Daum Communications Corp., which is based out of South Korea, purchased it for US$95 million. That turned out to be a poor investment for them as well, because in 2010 they sold Lycos to the Indian based Ybrant Digital for US$36 million.

2. Worldcom Buys MCI Communications for US$37 Billion

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Worldcom was launched in 1983 as a long distance phone company. In 1997, Worldcom bought MCI Communications, which was one of the first long distance companies in the United States to compete against AT&T. Worldcom valued MCI at US$37 billion, and the newly combined MCI Worldcom was the second largest long distance provider and one of the big players in the emerging business of providing Internet service.

At the time of the merger, Worldcom was competing against two other offers to buy MCI and probably overpaid. However, that wasn’t the biggest problem with the deal. The main problem was Bernard Ebbers, who was chief executive officer of Worldcom - he committed fraud that was valued at about US$11 billion. In July 2002 the company filed for bankruptcy, one of the largest filings of its kind in American history. Ebbers was arrested and given 25 years in prison.

MCI was able to climb out of the ashes, but a lot of damage had been done. They were bought for US$8.44 billion by Verizon in 2004, and while that’s a lot it’s much less than the offers that competed with Worldcom in 1997.

1. AOL Buys Time Warner For US$162 Billion

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In 1990 Time Inc., which had over 90 magazines including Sports Illustrated, People, Entertainment Weekly and Time, merged with Warner Communications. Warner had subsidiaries like Warner Brothers, HBO and Hanna-Barbera. In 1996, Time Warner merged with Turner Broadcasting System, which included TV networks like CNN, TNT, TBS and the Cartoon Network. Altogether they formed a media giant, but as the Internet gained popularity they were having trouble establishing an online presence.

Meanwhile, America Online (AOL) was thriving on the Internet. It launched in 1985, and 14 years later AOL was one of the biggest Internet suppliers in the world. In January 2000, the two decided to join forces when AOL purchased Time Warner for US$162 billion.

Many people in the business world thought the merger was brilliant; it was old media coming together with new media. Time Warner would get better online access, and AOL would have access to more content and television networks. The merger valued the new AOL Time Warner at US$350 billion, making it the biggest business deal in American history.

It also holds the title for the worst merger of all time. There were problems from the very start, and AOL failed to progress with the times. They were still a dial-up Internet service when the industry was moving towards broadband. By 2009, 10 years after the merger, AOL and Time Warner split. At that point AOL was only worth US$2.5 billion, which was about 10% of their worth at the time of the merger, while Time-Warner was worth about US$36 billion.

Top image via Mergers Above You.

[Source: Toptenz. Edited. Top image added.]