Should Bebo be shut down?
Internet company AOL has announced plans to sell or shut down the social networking site Bebo. What does this mean for social networking?
The company said it was unable to provide the "significant investment" Bebo needed to compete with its social networking rivals such as Facebook and MySpace. According to figures from research company ComScore, Bebo has 5.1 million users in the US compared with Facebook's 210 million users.
"AOL is committed to working quickly to determine if there are any interested parties for Bebo" Jon Brod of AOL Ventures told employees in an e-mail. AOL bought Bebo for $850m (£417m) two years ago but analysts expect the selling price to be significantly lower than this.
Do you use Bebo? What are the pros and cons of Bebo? Should Bebo be sold or shut down? Is there too much competition between social networking sites?
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