AOL Sold Bebo and Here’s The Full Story

It was reported by various technology news sites that AOL had finally cut its losses and sold Bebo. AOL purchased Bebo a few years ago for $850 million. At that point Bebo was one of the main players in social network with Myspace and Facebook. Since acquiring Bebo, AOL hasnt really innovated the platform, thus the community has gone where the innovation is and thats Facebook.

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