Remember Bebo? In its heyday, five or six years ago, the social networking site showed enough promise to be considered a possible rival to then-dominant MySpace — and to pull in an $850 million purchase price when it was acquired by AOL. What a difference a few years make. Fast forward to 2013, and Bebo is back on the social media map — this time because Michael Birch, its original founder, has bought the site back for a tiny fraction of that price.
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Birch Buys Bebo Back for Just a Million Bucks
Posted by: Erika Morphy July 2, 2013 11:05 AMRemember Bebo? In its heyday, five or six years ago, the social networking site showed enough promise to be considered a possible rival to then-dominant MySpace — and to pull in an $850 million purchase price when it was acquired by AOL. What a difference a few years make. Fast forward to 2013, and Bebo is back on the social media map — this time because Michael Birch, its original founder, has bought the site back for a tiny fraction of that price.