AOL plans to sell or shut down social website

Struggling internet company AOL plans to sell or shut down social website Bebo, which it bought for $850m (€634m) nearly two years ago.

AOL plans to sell or shut down social website
Tue, 06 Apr, 2010 - 21:17

Struggling internet company AOL plans to sell or shut down social website Bebo, which it bought for $850m (€634m) nearly two years ago.

In an e-mail sent to AOL employees today, the company said Bebo’s audience is falling and that it would need a “significant investment” to remain competitive as a social networking company.

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