AOL to sell or close Bebo
Wednesday, Apr 7th 2010 at 10:03AMAOL paid $850m (?557m) for Bebo in 2008, but says it can no longer provide the investment needed to help the site compete with rival services such as Facebook, MySpace and Twitter.
According to recent comScore numbers, Bebo has 5.1m users in the US, a decline from 5.8m a year ago. Facebook, meanwhile, has over 200m users in the US and more than 400m users globally.
This comes a matter of weeks after Facebook appointed former Bebo chief executive Joanna ...
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