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AOL to Sell or Shut Down Bebo Social Network

AOL’s social networking site Bebo may soon be  joining the dead pool or if AOL is lucky enough it may be joining another company. According to a memo by AOL Ventures EVP Jon Brod, AOL admits that social networking is a very competitive space on the web which AOL found difficult to compete with its own social networking site – Bebo.

The memo also stated that AOL is currently not in the position to continue funding and supporting Bebo as it requires significant investment to compete with social networking giants.

“AOL is committed to working quickly to determine if there are any interested parties for Bebo and the company’s current expectation is to complete our strategic evaluation by the end of May 2010.”

Bebo was acquired by AOL sometime in 2008 for $850 million. Back then AOL was still with Time Warner which later on part ways with AOL, leaving the company all alone in financing Bebo’s operations.

Since then Bebo’s site visits continue to slide down, thanks to the popularity of Facebook and Twitter.

The question now is, would there still be an interested buyer and if yes, can AOL sell Bebo at a price that it paid for the site in 2008?

 AOL to Sell or Shut Down Bebo Social Network
Arnold Zafra writes daily on the announcements by Google, Ask.com, Yahoo & MSN along with how these announcements effect web publishers. He is currently building three niche blogs covering iPad News, Google Android Phones and E-Book Readers.
 AOL to Sell or Shut Down Bebo Social Network

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6 thoughts on “AOL to Sell or Shut Down Bebo Social Network

  1. I can see it happening. Bebo is washed up and AOL needs to find something with some substance to get their brand name back on the map. They should just sell their company to Facebook.

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  3. Me personally , AOL Hometown should have been left alone and BEBO should have never come into the picture . With AOL Hometown AOL would have benefit more then bebo . Users already have Facebook , Myspace Twitter for social networking . The AOL Hometown was more like a free website for AOL users which would have generated more hits and more revenue then BEBO itself .

    Myspace and Facebook are top social networking site . Which is hard to compete with and users will not want to use bebo as the social networking . Me personally , I dont even used bebo at all and use facebook and myspace all the time . However, The hometown from AOL is the most feature of AOL I used to use till they drop it. There I could create any type of site via HTML codes, I could create my own profile , a cool site or what ever I was able to do using HTML codes . I did not mind the advertisement they added on top . Most free web hosting site offer that already and most if not all is mandatory in order for them to make some type of income .

    Will be nice to see AOL Hometown come back , Which for sure help AOL get back into the internet and able to have past users comeback to AOL .

  4. Me personally , AOL Hometown should have been left alone and BEBO should have never come into the picture . With AOL Hometown AOL would have benefit more then bebo . Users already have Facebook , Myspace Twitter for social networking . The AOL Hometown was more like a free website for AOL users which would have generated more hits and more revenue then BEBO itself .

    Myspace and Facebook are top social networking site . Which is hard to compete with and users will not want to use bebo as the social networking . Me personally , I dont even used bebo at all and use facebook and myspace all the time . However, The hometown from AOL is the most feature of AOL I used to use till they drop it. There I could create any type of site via HTML codes, I could create my own profile , a cool site or what ever I was able to do using HTML codes . I did not mind the advertisement they added on top . Most free web hosting site offer that already and most if not all is mandatory in order for them to make some type of income .

    Will be nice to see AOL Hometown come back , Which for sure help AOL get back into the internet and able to have past users comeback to AOL .