Recall Bebo? Yeah. That is why the president happens to be destroying your website

Recall Bebo? Yeah. That is why the president happens to be destroying your website

AOL when settled $850 million towards social network. Bebo maker Michael Birch offers got it back once again for a terrific $1 million, and aims to start over.

Bebo are dead. A minimum of within the latest version.

Michael Birch, the founder on the one-time fb competitor, gotten back the social networks just to posses his own providers turned off the website on Wednesday like it prepares to relaunch business.

Birch demonstrated the occupy videos submitted toward the Bebo landing page, wherein he acknowledges the web page just had not been worth working nowadays. Over the past seven age, Bebo had gone from a Facebook player to having a following that mirrored Myspace’s . Instead will increase a totally newer, built-from-scratch Bebo which will just be available on mobile phone.

At the level in 2008, Bebo have 40 million consumers and experience over 1 billion webpage perspective every week. AOL, curious about the thriving myspace and facebook fad, ordered the web page from Birch and the wife Xochi for $850 million.

However behemoth partnership wasn’t able to profit away from the internet site, and primarily put they for useless. They sooner or later sold it to Criterion funds Partners (CCP) for apparently not as much as $10 million. (mehr …)