Independent since late 2009, AOL is going to be closed or sold Bebo, the social network it bought two years ago .AOL bought social network Bebo for $ 850 million. Known in Great Britain and Australia, Bebo is struggling to cope with its competitors including the U.S, the motherland of AOL.
Nothing in February 2010, Bebo recorded 12.8 million unique visitors according to Comscore, down 45% year on year, while Facebook gained 68%, with 462 million unique visitors. A decline cannot be stopped because AOL does not want to invest more in social networking.
The announcement was made on Bebo in a memo sent to employees of the group and in an annual report on Bebo, which should be handed over to the stock market Wednesday, April 7. The fate of the social network should be sealed by the end of May.