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Monday, July 01, 2013
Apple News:After Pocketing Over $500 Million in Bebo Sale, Founders Buy It Back - Jason Del Rey - Social - AllThingsD

After Pocketing Over $500 Million in Bebo Sale, Founders Buy It Back - Jason Del Rey - Social - AllThingsD
The tech world let out one giant guffaw when AOL coughed up $850 million for the social network Bebo back in 2008. Five years later, could Bebo’s husband-and-wife co-founders Michael and Xochi Birch, who pocketed more than $500 million from its sale, prove everyone wrong?"

The question on my mind is... where does AOL get the money to make these huge mistakes? I can hardly think of anyone still using the service.

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By : Mac After Pocketing Over $500 Million in Bebo Sale, Founders Buy It Back - Jason Del Rey - Social - AllThingsD

 

 
 
 

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