Mobile/PDA About Us Advertise here
User User name Password  
  Not registered yet? Register here.
Lost your password? Click here. 		 
  Home   News   Guides   Downloads   Glossary   Hardware   Profiles   Forums   v4  
 Advertise at AfterDawn.com     Link to us!     Private messages     Compose a private message     List of all updated threads     Threads without replies     Search messages
Thursday 2.10.2025 / 09:51
Search AfterDawn Forums:        In English   Suomeksi   På svenska
afterdawn.com > forums > announcements > news comments > aol loses almost 99 percent on bebo investment
Show topics
 
Forums
Forums
AOL loses almost 99 percent on Bebo investment
  Jump to:
 
The following comments relate to this news article:

AOL loses almost 99 percent on Bebo investment

article published on 16 June, 2010

AOL, infamous for terrible investments, announced in April that they were planning to either sell or shut down the social networking site Bebo, which they bought for $850 million in 2008. Today, reports are circulating that AOL has found a buyer for the service, Criterion Capital Partners, who will buy Bebo for $10 million USD, leaving AOL with a 98.8 percent loss on their original investment. ... [ read the full article ]

Please read the original article before posting your comments.
Posted Message
xyqo
Senior Member
_ 		16. June 2010 @ 15:04 _ Link to this message    Send private message to this user   
lol @ AOL
Well done to the guys who pocketed $850 mill for nothing
[ + quote]
KillerBug
AfterDawn Addict

1 product review
_ 		16. June 2010 @ 23:22 _ Link to this message    Send private message to this user   
They did plenty of work...they got Bebo working so well that AOL was willing to spend $850 million...and then AOL management turned it into a company that isn't even worth the $10 million it sold for. Way to go AOL idiots...your business skills are worse than the computer skills of your 500 remaining customers.
[ + quote]
Mez
AfterDawn Addict
_ 		17. June 2010 @ 00:17 _ Link to this message    Send private message to this user   
I bet the board still got their bonuses for all their good work.
[ + quote]
afterdawn.com > forums > announcements > news comments > aol loses almost 99 percent on bebo investment
 

Digital video: AfterDawn.com | AfterDawn Forums
Music: MP3Lizard.com
Gaming: Blasteroids.com | Blasteroids Forums | Compare game prices
Software: Software downloads
Blogs: User profile pages
RSS feeds: AfterDawn.com News | Software updates | AfterDawn Forums
International: AfterDawn in Finnish | AfterDawn in Swedish | AfterDawn in Norwegian | download.fi
Navigate: Search | Site map
About us: About AfterDawn Ltd | Advertise on our sites | Rules, Restrictions, Legal disclaimer & Privacy policy
Contact us: Send feedback | Contact our media sales team
 
  © 1999-2025 by AfterDawn Ltd.

  IDG TechNetwork