AOL to sell or close Bebo

Bad news for Bebo, the social network website founded in January 2005.
Only after two years, AOL, the US base internet company, bought Bebo, and now the service has announced it plans to either sell off or close the social network.
In 2008 AOL paid £557m for Bebo, but apparently today the site can’t compete with rival services such as Facebook, MySpace and Twitter.
Bebo has 5.1m users in the US, a decline from 5.8m a year ago. Facebook, meanwhile, has over 200m users in the US and more than 400m users globally.
So even with their aim of reaching a teen/tween audience, and the fact they existed before Facebook, they still couldn’t compete with the market leaders.

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