AOL Sell or Close Bebo

Close to America Online or a social networking site Bebo to sell, which the United States in Washington, published two years ago bought 850 million dollars, according to memo from the Department plans, DC "Bebo, which tomorrow's annual deposit But, America Online will prove that it is currently evaluating strategic alternatives, which in 2010 Bibo stopping sales or other technology blog Silicon Valley and received by the household staff, "the U.S. may include online Memorandum.

Jon Brod, vice president, executive director of America Online, said a memorandum Bebo, unfortunately, is that business has declined, and a huge investment of social networks will need to compete in the competitive space as a consequence In. In short, America Online today to continue funding and support for the Bebo social networking is not in the rotation in the search.

Brod said the U.S. to commit to online to work quickly to determine whether there Bebo than on any interested parties and the Company at the end of May 2010 and completed our assessment of strategic is is. Bebo Facebook and social sites like MySpace could lose its competitiveness against the constant.

America Online, previously known as America Online, Time Warner released in December, he became an independent company. Tim Armstrong, a former Chief Executive Officer, Google, aggressive cost control possession in the past year since America Online began a round of cuts and the company's "content, advertising refocus, and communications plan."