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The website's name is an acronym for Blog Early, Blog Often. Users receive a personal profile page where they can post blogs, photographs, music, videos and questionnaires to which other users may answer. Additionally, users may add others as friends and send them messages, and update their personal profiles to notify friends about themselves. Bebo was founded by Michael Birch and his wife Xochi Birch in January 2005 at their home in San Francisco. It was acquired by AOL on March 13, 2008 for $850 million. In April 2010, AOL announced it was planning to sell or shut down Bebo, with the sale being completed on June 17, 2010 to Criterion Capital Partners for an undisclosed sum. It has been reported that the sale raised less than $10 million. |