AOL’s $850 Million Mistake: Bebo to be Shut Down or Sold
Just two years after acquiring social network Bebo for $850 million, the newly-independent AOL has decided to abandon its social networking investment, either by selling it or simply shutting it down. According to PaidContent, AOL sent a message to employees earlier today stating that it “is not in a position” to support Bebo: “The strategy…