$850 million white elephant? aka Bebo

By : Administrator
Published 7th April 2010

Some of these big firms have more money than sense!!!

Internet company AOL has announced plans to sell or shut down the social networking site Bebo.

The company said it was unable to provide the "significant investment" Bebo needed to compete with its social networking rivals.

The news comes just two years after AOL bought the site for $850m (

Steve Richardson
Gaffer of My Local Services
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