Items tagged with Bebo

After years of attempting to variously reinvent, reorganize, and recapture the market space it's been losing to Facebook, MySpace is out the door. This isn't a surprise—News Corp declared it was ready to sell the segment last February. Now the social networking site is actually on the chopping block. News Corp is quite profitable, but the changes facing certain markets, particularly print, has likely contributed to the MySpace spinoff. Several venture capital firms are expected to bid on the company, including Redscout Ventures, Thomas H. Lee Partners, and Criterion Capital Partners LLC.... Read more...
Many have heard of Megan Meier, the teenager who committed suicide over a MySpace romance gone bad - one which turned out to be a hoax.  Here we have another social networking death; is this a troubling trend?A teenager said to have been bullied on the social networking site Bebo has been found hanged in his bedroom.Blaming Bebo for his 'utterly pointless death', Sam's mother said the family discovered the extent of the bullying only when they checked his Web page after his death.Worse: the cyberbulling was over his taste in alternative music!  Bullying is bad enough, but come on!Bebo... Read more...
In a somewhat surprising move, AOL has shelled out $850 million dollars to acquire social networking site Bebo. If you add Bebo's 40 million users worldwide to AOL's customer base for AIM and ICQ, AOL can now boast 80 million unique users. And AOL can show those 80 million users advertising while they're on their service. I imagine it's a little gloomy at both Facebook and Google this morning.  “Bebo is the perfect complement to AOL’s personal communications network and puts us in a leading position in social media,” said Randy Falco, Chairman and CEO, AOL. “What drew us to Bebo was its substantial... Read more...