Bebo have announced cuts in the UK of 100 jobs. They are also ditching their web TV division, which was working on KateModern and Sofia's Diary. They seemed to fall behind Facebook, and irreversibly so. Their service and support for businesses hasn't matched that of other companies and I wonder how much longer they can continue without finding a niche.
It makes the purchase of Bebo for $850m like another poor business move from AOL.
http://www.guardian.co.uk/technology/2009/nov/12/bebo-cuts-jobs-web-tv
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