AOL plans to get rid of the social networking site, Bebo or they’ll sell the site, if they manage to find a buyer. Bebo was bought by AOL a couple of years ago with a whopping price of $850 million from British born Michael Birch and his partner Xochi. But AOL has never managed to make Bebo to take off in the way that popular social networking sites have, particularly Facebook.
The number of Bebo users in the US, had even dropped from 5.8 million to 5.1 million over the past 12 months. Whereas, Facebook on the other hand has had over 210 million users in the US and 400 million worldwide.
Bebo is currently a declining business. In order to get back in strong competition of social networking, Bebo will need lots of investment. But AOL is no more interested in further funding and supporting Bebo. If no one to come up with cash, Bebo will most likely be shut down next month. Read more about it Bebo to be axed by AOL
April 11th, 2010 at 3:53 pm
And what will happen with the users if bebo shut down?