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June 18th, 2010:

Bebo sale highlights weakness of online advertising models

Bargain basement bebo

Bebo is passing into the hands of Criterion Capital Partners Fund, an investment vehicle with no web / social networking expertise or industry partners.

Wouldn’t they be better off tying up with an existing organisation that could add expertise and help them push the Bebo environment?

Criterion’s own website is dead.  The current page is just a 404.  Hardly the most promising partner to help Bebo develop the wider web presence it needs!