AOL has come to the inevitable conclusion that it will have to sell or shut down Bebo. Bebo has been performing poorly of recent, with it's users in the US down from 5.8 million last year to 5.1 million this year. (This is compared to Facebook's 210 million)
They paid $850 million for it a couple of years ago, a figure that it is unlikely to sell for now.
Read more:
http://news.bbc.co.uk/1/hi/business/8606379.stm
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