AOL said that Bebo could not compete with other social networking sites in its current state, and that the company could not commit to taking on the massive task to keep Bebo in the social network 'race'.It has been reported that AOL's finances were struggling.Its popularity saw it sold to AOL for 0 million in 2008.The site was purchased by AOL on March 13, 2008 for 0 million, with the Birches' combined 70% stake yielding a profit of 5 million from the deal. This was mainly due to the falling numbers of unique users; Bebo users were moving to rival site Facebook.Following 2012's youth word of the year, , which echoed the English acronym "You Only Live Once," Babo is inspired by the Turkish language, reflecting the many young people with Turkish heritage now growing up in Germany.
To learn more about Amazon Sponsored Products, click here.With his spare time he freelances as a professional acoustic and electric bassist in the New York/New Jersey/Pennsylvania metropolitan area.Bebo is a social networking website launched in 2005. Before coming to Seton Hall University he was an assistant professor and chairperson for the Department of Educational Leadership at Kean University in Union, NJ. spent 31 years in public education as an Instrumental Music Teacher, Supervisor of Art and Music, Director of Special Education, Assistant Middle School Principal, Elementary/Middle School Principal and as an Assistant Superintendent of Schools.
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It now describes itself as "a company that dreams up ideas for fun social apps;" Joe Mbu, the man behind the Bebo relaunch, has confirmed that the site will not be returning as a social network but as a company that makes social apps.