Monday, July 1, 2013

After Selling Bebo For $850 Million Then Watching It Die, Founder Michael Birch Buys It Back For $1 Million

In 2008, Michael and Xochi Birch sold their social network Bebo to AOL for $850 million. While it netted Michael Birch about $300 million (and nearly $600 million when combined with his wife's shares), the company crumbled shortly after the...

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