Even though Time Warner has put AOL up for sale it looks like the web giant still has some power left in its punch. It announced the acquisition of Bebo, the United Kingdom’s premier Social Network, for a reported $850 million in cash. This will allow AOL to tap Bebo’s 40 million customers for money using web advertisement, a common tactic these days for web companies.

Rumors are flying that Yahoo plans on finally adding video to Flickr in the next three weeks. In order to compete in the very busy and very flooded web video battle field Flickr has been taking it’s time, planning on how to make their contribution unique and different from the rest. It seems like some design decisions have finally been made, and we should expect an announcement saying exactly what it’s going to offer users sometime later this week.

Evernote plans on taking all the data in your life and stores it in an online library, making it easy to search and retrieve every aspect of your existence with a click of the mouse. No matter how trivial or how important, Evernote wants to store it all, making their services like a backup for your own brain, stored conveniently on the web.

The executives from both Microsoft and Yahoo finally met last Monday to discuss the Microsoft’s bid on Yahoo. No banker’s attended the meeting, and raising of the original offer was not discussed. The whole plan of the meeting was to reason with Yahoo, to accept the current bid it had rejected. It seems like the meeting did not work, and Yahoo is still shopping around for ways to get around the Microsoft bid.

FlickrVision is a really addicting, free web application that gives you a map and image of the latest Flickr uploads in real time. Each second the page reloads, showing you where in the world the picture was uploaded and by who. Lots of fun, and completely free!