AOL Drops Bebo
© pescatello
A number of sources (Inquisitr, VentureBeat, H Post, Mashable, PaidContent, TechCrunch) are reporting that AOL has decided to get rid of Bebo.
AOL dumped $850 billion into Bebo about two years ago and planned to use ti as a platform to compete with Facebook. Facebook is now closing in on half a billion users and Bebo has grown from 40 million users to , well, 50 million users in the last two years. Not only isn't it competing with Facebook, it's not even competing with MySpace – or for that matter, with Friendster.
Bebo was created in 2005 and targeted a mostly British Commonwealth audience in the UK, Ireland, Australia, New Zealand, India, and Europe. The name is actually an acronym; it stands for "blog early, blog often." In recent months the site's US audience of users has been declining.
While AOL may sell Bebo, there's a tax incentive for AOL to just pull the plug and let it die…
Here is a Bebo Chronology.
~admin
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said on
That’s interesting that such a large company as AOL could make such an unwise investment decision.