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AOL sells Bebo AOL sells Bebo
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Old 06-17-2010, 02:00 PM   #1
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AOL sells Bebo
They bought it for $850 million two years ago and sold it for a rumored $10 million.

http://news.yahoo.com/s/ap/20100617/...x1bmxvYWRzc28-
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Old 06-17-2010, 02:02 PM   #2
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what a mess aol/time-warner was eh. bufoon central.
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Old 06-17-2010, 02:18 PM   #3
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HA HA HAAAAAAAAAAA
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Old 06-17-2010, 02:21 PM   #4
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damn.............................................. ...................................
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Old 06-17-2010, 02:22 PM   #5
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They bought it for $850 million two years ago and sold it for a rumored $10 million.

Ouch..... thats a serious drop..someone really screwed up that one......the guy behind the purchase probably got a bonus..party ...and slap on the back at the time i bet.
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Old 06-17-2010, 02:27 PM   #6
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Not surprising at all really... AOL has NEVER been in the game EVER. They just THOUGHT they were back when they were selling proxied Internet service to uninformed dialup users... That was doomed to fail from the beginning...

Here's a hint and it applies to everyone in the adult space too... If your business model relies on users being uninformed about what's out there... it's going to tank sooner or later. The general public is pretty stupid but most of them aren't blind; especially when it comes to watching their wallets...
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Old 06-17-2010, 02:34 PM   #7
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Not surprising at all really... AOL has NEVER been in the game EVER. They just THOUGHT they were back when they were selling proxied Internet service to uninformed dialup users... That was doomed to fail from the beginning...

Here's a hint and it applies to everyone in the adult space too... If your business model relies on users being uninformed about what's out there... it's going to tank sooner or later. The general public is pretty stupid but most of them aren't blind; especially when it comes to watching their wallets...
The irony of this post . . .
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Old 06-17-2010, 02:37 PM   #8
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hahahahaha, what a great ROI!
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Old 06-17-2010, 02:42 PM   #9
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wow, thanks for the post
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Old 06-17-2010, 02:51 PM   #10
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they haven't been relevant for about a decade now.
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Old 06-17-2010, 02:51 PM   #11
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My friend made a lot of dough on the original Bebo sale.
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Old 06-17-2010, 02:53 PM   #12
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Originally Posted by BestXXXPorn View Post
Not surprising at all really... AOL has NEVER been in the game EVER. They just THOUGHT they were back when they were selling proxied Internet service to uninformed dialup users... That was doomed to fail from the beginning...

Here's a hint and it applies to everyone in the adult space too... If your business model relies on users being uninformed about what's out there... it's going to tank sooner or later. The general public is pretty stupid but most of them aren't blind; especially when it comes to watching their wallets...
Steve Case disagrees. He tried to count his money but realized it would take the rest of his life. Although he is down to under a billion.
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Old 06-17-2010, 02:59 PM   #13
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Steve Case disagrees. He tried to count his money but realized it would take the rest of his life. Although he is down to under a billion.
what did case do that was so impressive? other than architect one of, if not the worst, mergers in the history of business mergers.

imo, case won the lottery.
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Old 06-17-2010, 03:26 PM   #14
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They bought it for $850 million two years ago and sold it for a rumored $10 million.

http://news.yahoo.com/s/ap/20100617/...x1bmxvYWRzc28-
Sounds like a nice deal!
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Old 06-17-2010, 03:51 PM   #15
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Unbelievably high price transactions.
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Old 06-17-2010, 08:43 PM   #16
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Ouch! I guess they're trying to cut their losses and run...

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Old 06-17-2010, 09:15 PM   #17
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Bebo sucked so bad. Never signed up for it but my connections that did that fucking thing would spam the hell out of me.
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