AOL sell’s Bebo

Two years ago, AOL tried to redeem their social networking efforts when they bought Bebo. It was announced that they paid $850 million for it.

Bebo started to fail from the day it started being used. It had a mere 5 million users in February. Which was nothing compared to the huge 210 million users on the social networking giant, FaceBook.

AOL recognized how much of a fail their website was and in they April announced that they were going to either sell or shut down the site.

The company that is buying the site is Criterion Capital Partners. But it hasn’t  yet been announced how much they will be buying it for. I would think it is a fraction of the $850 million paid two years ago.

In my opinion this isn’t great for the FaceBook community because Bebo houses the younger teenager community with user names such as Robbie Boiiii 2kAii10 or xXxXxXxiiTz Yur BabexXxXxXxX. If FaceBook starts getting users with these kind of user names, I will most likely be looking for a different social networking site.

Until next time,

Eoin