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Bebo
Bebo (/ˈbiːboʊ/ BEE-boh) was an American social networking website that originally operated from 2005 until its bankruptcy in 2013. The site relaunched several times after its bankruptcy with a number of short-lived offerings, including instant messaging and video streaming, until its acquisition by Amazon in July 2019 when it was shut down. It was announced in January 2021 that it would be returning as a new social-media site the month after. By May 2022, it had once again been shut down, without having left beta-testing.
The site was founded by Michael Birch and Xochi Birch.
Bebo was founded by husband-and-wife team Michael and Xochi Birch in January 2005 at their home in San Francisco. The website name was bought by the founders, and the backronym "Blog Early; Blog Often" was invented to answer the question of what the name meant.
The website, at the height of its popularity, overtook Myspace to become the most widely used social-networking website in the United Kingdom, eventually registering at least 10.7 million unique users.
Bebo's popularity saw it sold to AOL in March 2008 for $850 million, with the Birches' combined 70% stake yielding a profit of $595 million from the deal. The BBC later described the AOL purchase of Bebo as "one of the worst deals ever made in the dotcom era", and it cost the then-CEO of AOL, Randy Falco, his job.
In 2010, on April 7, AOL announced that it would either sell the website or shut it down; this was mainly due to the falling numbers of unique users moving to rival site Facebook. AOL said that Bebo could not compete with other social-networking sites in its current state and that the company could not commit to taking on the massive task to keep Bebo in the social-network race. It was reported that AOL's finances were struggling.
The National Space Agency of Ukraine's RT-70 radio telescope sent 501 messages chosen by Bebo users, called A Message From Earth, toward the planet Gliese 581c. Sent on 9 October 2008, it will arrive in the spring of 2028.
On June 16, 2010, AOL sold Bebo to hedge-fund operators Criterion Capital Partners.
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Bebo
Bebo (/ˈbiːboʊ/ BEE-boh) was an American social networking website that originally operated from 2005 until its bankruptcy in 2013. The site relaunched several times after its bankruptcy with a number of short-lived offerings, including instant messaging and video streaming, until its acquisition by Amazon in July 2019 when it was shut down. It was announced in January 2021 that it would be returning as a new social-media site the month after. By May 2022, it had once again been shut down, without having left beta-testing.
The site was founded by Michael Birch and Xochi Birch.
Bebo was founded by husband-and-wife team Michael and Xochi Birch in January 2005 at their home in San Francisco. The website name was bought by the founders, and the backronym "Blog Early; Blog Often" was invented to answer the question of what the name meant.
The website, at the height of its popularity, overtook Myspace to become the most widely used social-networking website in the United Kingdom, eventually registering at least 10.7 million unique users.
Bebo's popularity saw it sold to AOL in March 2008 for $850 million, with the Birches' combined 70% stake yielding a profit of $595 million from the deal. The BBC later described the AOL purchase of Bebo as "one of the worst deals ever made in the dotcom era", and it cost the then-CEO of AOL, Randy Falco, his job.
In 2010, on April 7, AOL announced that it would either sell the website or shut it down; this was mainly due to the falling numbers of unique users moving to rival site Facebook. AOL said that Bebo could not compete with other social-networking sites in its current state and that the company could not commit to taking on the massive task to keep Bebo in the social-network race. It was reported that AOL's finances were struggling.
The National Space Agency of Ukraine's RT-70 radio telescope sent 501 messages chosen by Bebo users, called A Message From Earth, toward the planet Gliese 581c. Sent on 9 October 2008, it will arrive in the spring of 2028.
On June 16, 2010, AOL sold Bebo to hedge-fund operators Criterion Capital Partners.