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AOL buys Bebo for US$850 million cash AOL has announced that it is to buy the UK's leading social networking site Bebo for US$850m - topping the US$580 million News Corp paid for MySpace in July 2005.Bebo was started in January 2005 by Englishman Michael Birch and his American wife Xochi who met at university in London before moving to Xochi's native San Francisco. Previous to Bebo, the couple had launched the birthday reminder and card website, Birthday Alarm. Although the third biggest social networking site in the world, Bebo has been far more successful in the UK than its native USA. Whereas it trails MySpace and Facebook in terms of market share Stateside, it is regularly the most visited social network site in the UK. Of the 22 million unique visitors the site attracts every month, 10-12 million are from the UK. 13th March 2008
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Five Questions to find out what makes an internet entrepreneur tick?  "I believe some people have a little something in their head that makes them look at things in a slightly different way. Some people absolutely cannot envisage doing anything but working for somebody else - and that is fine. However I believe entrepreneurs are born and will always find a way to do things differently." Kieron Donoghue, ukoffer.com Take one internet entrepreneur - for instance Kieron Donoghue (pictured above) - and ask them Five Questions. Also in the Five Questions hot seat this month is Victoria Vanstone of yourdeathwish.com. Why niche websites are like flowers George Marshall reckons that niche websites are like flowers and need to be nurtured just as you would a plant. more |
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