Bebo Shuns $550 Million Acquisition Offer   July 11th, 2006

Is this greed or lunacy? $550 million clams! Is social networking the next dutch tulip craze?

This entry was posted on Tuesday, July 11th, 2006 at 11:02 am and is filed under Business, Software, Web 2.0, bebo, economics. You can follow any responses to this entry through the RSS 2.0 feed.You can leave a response, or trackback from your own site.

3 Responses

July 11th, 2006 at 1:40 pm
walter Says:

Makes you wonder what kind of ROI the VCs are looking for - they can’t have invested more than $55 million surely ?

July 11th, 2006 at 1:48 pm
Joe Says:

Benchmark recently invested USD$15m. Sure as hell beats 10x returns… Remember social networking is made of people, content hosting and bandwdith costs are negligible.

July 12th, 2006 at 12:14 pm
Conor Says:

Well it’s caught on like a wild fire in Ireland. Unbelieveable use by the 15-25 age group. They did someting right.

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