AOL to sell or shut down Bebo

The social networking site Bebo took a huge blow today, as Reuters reported that AOL wants to either sell or shut down the site. AOL acquired Bebo in March 2008 for $850m. 

Bebo sent out a staff memo which said, "Bebo, unfortunately, is a business that has been declining and, as a result, would require significant investment in order to compete in the competitive social networking space". 

Social networking is a tough market these days with the dominance of Facebook and Myspace, which both have the backing of large companies such as Microsoft and News Corp. 

Bebo is quite popular in Ireland, New Zealand and the UK, however it failed to make any real impact in the United States. It's hard to predict whether a larger organisation will acquire Bebo, as it may seem to tough of a challenge to take up. 

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Gangsta said,
In fact, I've been using Lite mode exclusively since it was released sometime last year.
Which is official, is it not? Therefore Facebook can be light and fast

Myspace and Bebo became pointless when they offered customisation on profiles. Girls tend to get a bit too excited with all fancy glittery text and images. Facebook FTW!

Bebo is no longer popular in New Zealand. The product isn't good as Facebook, and hence is failing. We are just merely slow in the uptake of Facebook.

Bebo won't last unfortunately.

Pauleh said,
I don't ever remember Bebo being popular in the UK among people who aren't 12 year old girls.

This.

its declined alot here in NZ as well, everyone I know moved over to Facebook and just left their bebo profiles to die

Bebo was popular about 5/6 years ago (I remember I was in High School). Only problem is every "decorates" - I'm using that term lightly - their profile with flash, glitter text and crap that slows everything down.

I am not dissapointed in the slightest. All my friends on bebo will move to FaceBook and I wont have to sroll down through there Hundred useless apps they have on their page to leave them a message!

Aww Bebo is the one I use most I guess I'm the only one who actually likes being able to customise my page.

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