Friday, March 14, 2008

AOL Buying No. 3 Social Networking Site - New York Times

Hmm...

More than 40 million Internet users have accounts, Bebo said, a figure that has doubled in the last year as the company has moved aggressively to add local-language sites. The AOL relationship could help expand its user base.

“We have a real opportunity for people to discover Bebo in the U.S. now,” the president of Bebo, Joanna Shields, said. Ms. Shields was hired from Google in January 2007 to broaden the audience and the content offerings. Bebo’s co-founders, the husband and wife team of Michael and Xochi Birch, are cashing out of the company.

AOL Buying No. 3 Social Networking Site - New York Times

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