AOL sells Bebo
 

They bought it for $850 million two years ago and sold it for a rumored $10 million. :error

http://news.yahoo.com/s/ap/20100617/...x1bmxvYWRzc28-

what a mess aol/time-warner was eh. bufoon central.

HA HA HAAAAAAAAAAA :1orglaugh:1orglaugh

damn.............................................. ...................................

Ouch.....:Oh crap 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.

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 . . .

hahahahaha, what a great ROI!
WG

wow, thanks for the post

they haven't been relevant for about a decade now.

My friend made a lot of dough on the original Bebo sale.

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.

Sounds like a nice deal! :1orglaugh

Unbelievably high price transactions.

Ouch! I guess they're trying to cut their losses and run...

Jack

Bebo sucked so bad. Never signed up for it but my connections that did that fucking thing would spam the hell out of me.