Bebo is Back in Britain

11 replies
Michael Birch bought Bebo back for $1m which he sold for $850m 5 years ago.

Here is the full story

Bebo founder pays $1m to buy back site sold for $850m | Technology | The Guardian

He has pledged to put Bebo on right track after AOL spoiled the site [Bebo lost 40m users with AOL] but the main challenge he face is from Face Book.

As a British webmaster, will you be considering to benefit from Bebo after it is again in the good hands of Michael Birch? [I will certainly be keeping eye on it ]
#back #bebo #britain
  • Profile picture of the author eClicker
    As a budding offline entrepreneur I would love to be a fly on the wall as he makes his plans to start building the company backup. I find this type of stuff fascinating. On one hand you have one guy took a company and made it worth $850 million then you have a huge corporation drive it into the ground to the point the original owner can buy it back for $1 million. So he can build it up again????

    Somewhere Richard Branson is smiling....
    {{ DiscussionBoard.errors[8240679].message }}
  • Profile picture of the author downr
    Most definately an interesting story about success and failure. Hope he gets it to the former glory
    {{ DiscussionBoard.errors[8240692].message }}
  • Profile picture of the author Alex Blades
    I doubt he can build it back up, but how do you buy a site for 850 million dollars, than sell it back to it's original owner for 1 million lol

    Has to be one of the biggest blunders off all time
    Signature
    " I knew that if I failed, I wouldn't regret that.
    But I knew the one thing I might regret is not ever having tried. "

    ~ Jeff Bezos

    {{ DiscussionBoard.errors[8240708].message }}
    • Profile picture of the author ecommerce-man
      I for one think he could turn its fortunes around , he's now based in San Francisco in a smaller tight knit company than AOL and will hopefully still have his feet on the ground , despite about $850 million in the bank!! I for one don't think Facebook is untouchable , they do alot of things right , but there is still scope for a different social network out there!

      Good Luck Michael , from a fellow Cheshunt lad!
      Signature
      Steve-Cotterell.com
      Free Internet Marketing Giveaway -7 Free Internet Marketing Ebooks!
      {{ DiscussionBoard.errors[8240767].message }}
  • Profile picture of the author Social App Zone
    Bebo might make a come back as "The place your mom is not"
    {{ DiscussionBoard.errors[8240763].message }}
  • Profile picture of the author Taniwha
    They have a chance (more then ever before) to market it as a place where your personal information is safe.

    People are ever increasingly finding options to move away from facebook, so if the new Bebo is safe, then they could do really well.
    {{ DiscussionBoard.errors[8240802].message }}
    • Profile picture of the author Mike Hill
      Originally Posted by Taniwha View Post

      They have a chance (more then ever before) to market it as a place where your personal information is safe.

      People are ever increasingly finding options to move away from facebook, so if the new Bebo is safe, then they could do really well.

      Have you not been watching the news lately? Google "PRISM" and you'll see no one's information is safe anymore.
      {{ DiscussionBoard.errors[8241330].message }}
  • Profile picture of the author Danny Cutts
    Wow what a deal :-)

    I have a huge authority site that will sell out with one day soon :-) Not sure I could ever step down from it and watch it get raped by anybody though.....

    I also love stories like this :-)

    Danny
    {{ DiscussionBoard.errors[8242545].message }}
    • Profile picture of the author datingworld
      Originally Posted by Danny Cutts View Post

      Wow what a deal :-)

      I have a huge authority site that will sell out with one day soon :-) Not sure I could ever step down from it and watch it get raped by anybody though.....

      I also love stories like this :-)

      Danny
      yes it's great success stroy of Michael Birch
      I do hope he will be able to put Bebo back on right track, I remember the glorious days of Bebo
      {{ DiscussionBoard.errors[8244271].message }}
  • Profile picture of the author margaritovbg
    I was foreign student in english a-level school when this was popular, remember almost all of the classmates using it, except the russians, who used their own network and I used Myspace
    Signature
    http://fivestarsholiday.com - Online Luxury Travel Guide
    {{ DiscussionBoard.errors[8244283].message }}
  • Profile picture of the author TomBuck
    This made me laugh, I was in the age group promoting the 850million bebo and then was in the masses that all decided to move to facebook about 2 years later. Just had a search for my bebo page, couldn't find it . But good times....

    Edit: Just found it, that is not a pretty site. Hope bebo does not make a come back!
    {{ DiscussionBoard.errors[8244315].message }}

Trending Topics