Signs of the Apocalypse: AOL Acquires Bebo for $850 Million
Written by Alyx on March 13th, 2008 in culture, finance, internetz.
Yes, this morning, AOL dropped eight hundred and fifty MEEEEEEEEEEEEELION dollars on Bebo.
Bebo, a social networking site with even less content than Facebook and MySpace. Bebo, a video site with videos lamer than YouTube.
Bebo.
Of course, with the dollar sinking below 100 yen this morning, it’s not as if that $850MM is really worth all that much. But it still leaves the question of where the hell did AOL get that much money. Couch cushions? Or just printing worthless stock?
