Social networking website Bebo (an acronym for “Blog early, Blog often’) has been dealt a potentially fatal blow by its parent company AOL, which has announced its intention to stop funding the service. Bebo has approximately 12 million regular users.
AOL intends either shutting Bebo or selling it. Bebo was started in January 2005 and has since been overtaken in popularity and size by Facebook, which has an astounding 400 million active users.
(Source: The Guardian)
