AOL cuts losses on Bebo

AOL is paring back its ambitions in the world of online social networking, selling the Bebo website that it bought two years ago for $850m (€687.3m).

AOL cuts losses on Bebo
Thu, 17 Jun, 2010 - 14:14

AOL is paring back its ambitions in the world of online social networking, selling the Bebo website that it bought two years ago for $850m (€687.3m).

Bebo, which launched in 2005, has failed to match the huge popularity of sites like Facebook and Twitter.

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