Bye Bye Bebo
By admin. Filed in News |
As predicted wayyyyyyyyyyyyyyyy back. When I commented on the Bebo generation moving on over to Facebook.
the Guardian newspaper reports “The announcement that AOL is likely to close or sell off the social networking site Bebo comes as no surprise to industry watchers, marking the latest in a string of acquisitions that seem to have become the kiss of death for web startups.
Two years after an $850m (£748m) cash deal that surprised even the most optimistic pundits, AOL has said it can no longer fund the social media service and yesterday told employees it would sell the site or close it completely this year.
Bebo’s popularity peaked in 2008, at about the time of the sale, but steadily declined as Facebook aggressively expanded its international user base, particularly in the UK.
According to figures from ComScore, Bebo’s global unique visitors in February totalled 12.8 million, which was down 45% on February 2009. Facebook had 462 million visitors, MySpace nearly 110 million, and Twitter 69.5 million.”
