Social Media

AOL Says Bye Bye Bebo

image from AOL says it will sell or shut down social networking site Bebo in 2010, just 2 years after buying it for $580 million. Bebo has lost 45% of its unique visitors in the last year as Facebook, Twitter and other platforms have gained popularity and AOL is not willing to spend additional funds into a possible turnaround.

image from
via paidContent 

"It is clear that social networking is a space with heavy competition, and where scale defines success. Bebo, unfortunately, is a business that has been declining and, as a result,  would require significant investment in order to compete in the competitive social networking space," wrote AOL Ventures EVP Jon Brod in a memo obtained by paidContent. "AOL is not in a position at this time to further fund and support Bebo in pursuing a turnaround in social networking."

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  1. it was just a matter of time until this happend. bebo has no chance of keeping up with the likes of facebook and twitter which are just so far advanced. bebo was the first social network site i joined and even back then i found it boring and very childish. it will take something mind blowing to get bebo back up with the big boys!

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