Mickelportz buy back the site that has long been forgotten.

Source: Internet
Author: User
Keywords Founder bebo 100 million dollars 850 million dollars
Tags change get media media reports network networking site social

Absrtact: July 2 News, according to foreign media reports, social network Bebo co-founder Mickelportz (Michael Birch) has bought back the site that has long been forgotten. He says he's not sure he can reinvent Bebo, but he's going to try and get

The July 2 News, according to foreign media reports, social networking Bebo co-founder Michael Potz (Michael Birch) has bought back the site that has long been forgotten. He says he's not sure he can reinvent Bebo, but he's going to try and get some fun from it.

Bebo, 8 years old, has recently been on the verge of death. In 2008, AOL spent 850 million dollars on its income.

Potts, who published a Monday tweet, said he had bought the asset from Criterion Capital ("CCP") at a price of $1 million and planned to restart the social networking site. 3 years ago, AOL's transfer of Bebo to CCP was rumored to be less than 10 million dollars.

Bebo has never been close to getting 1 billion user levels like Facebook, but it has played an important role in the advent of the social networking era. Bebo became Britain's sixth-most popular website in 2006, when it seemed a cooler platform than a MySpace bought by News Corp. By the time Bebo sold AOL, it had accumulated 40 million users, the size of which was second only to MySpace and Facebook in the US.

After leaving its heyday, Bebo at least two degrees on the brink of collapse. Only two years after the acquisition of Bebo, AOL plans to shut it down if it cannot find a buyer. Last year, the Bebo in the CCP also looked bleak, even Potts the failure to extend its downtime to the Death bulletin.

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.