Daily Archives: 30 June, 2010

What happened to Bebo?

AOL offloaded Bebo this week, less than to two years after buying it for $850m (£417m), a huge chunk of cash. It was bought by little known US investment company, Criterion  Capital Partners, for a paltry $10m, the monetary equivalent of a smack in the face. But the big question here is, what does the future hold for Bebo?  Can a relatively small company like Criterion bring the much-maligned social network back from the brink? Read More »

Foursquare expanding with $20m investment

Foursquare, the fast growing social-networking site, is expanding after receiving a second round of private investment in the form of $20m (£13m) from investors including Andreesseen Horowitz. Read More »