I’m not familiar with this site, but it appears AOL’s social network, Bebo, was expected to position AOL to become a social media giant. As things go, it didn’t quite shake out that way. The network has struggled to gain and maintain momentum and was sold. It will be interesting to see, moving forward, how and if the new owners can kick things up a notch as they’ve definitely got some heavy competition out there. Check out the article here.
Source: The New York Times