Bebo was launched in July of 2005 by Michael Birch. In 2008 it was sold to AOL for about $850.00, then in 2010 AOL sold Bebo to Criterion Capital Partners. Bebo stands for Blog early, and blog often. Like all social networks Bebo allows you to create profiles in which you can upload music, video's, photos, and blogs.
One thing that Bebo does allow its users to use is what they call a questionnaire, which allows the users to post questions and have any other user post their answers to the question. Bebo resembles many of the current online social networking sites, but it closely resembles Facebook. Due to that fact Facebook was its biggest competitor.
Although Bebo resembled Facebook and had the backing of AOL and then Criterion Capital Partners it still had trouble staying above water. Saying that, BBC said that the AOL purchase of Bebo was "one of the worst deals ever made in the dotcom era".
Still though Bebo is still up and running only change being that you could now sign in to Bebo using your Facebook account.
Sources; "Bebo sold by AOL after just two years". BBC. 2010-06-17.http://www.bbc.co.uk/news/10341413
Written by Jesse Willems
Many internet-based companies have trouble when it comes to generating revenues and with valuations. LinkedIn recently had a highly publicized IPO where, at the end of the day, it's stock price reflected a company value of $8.9 billion. However, the company was only generating about $250 million in revenue-the numbers don't quite add up. Groupon is facing a similar situation now, and there is news circulating that Facebook may soon be having an IPO.
ReplyDeleteIt's these situations that can make it difficult for investors to back a company that has yet to prove itself in the market.
The importance of social networking sites in today's world is immense. Indeed, the above mentioned websites are best, however there is also a latest Social Networking site MyworldGo , where you can connect with others. We are also available on iOS and android.
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