Bebo Shuns $550 Million Acquisition Offer July 11, 2006 ~ Joe Is this greed or lunacy? $550 million clams! Is social networking the next dutch tulip craze? Rate this:Share this:TwitterLinkedInRedditWhatsAppSkypeEmailLike this:Like Loading... Related Published by Joe Senior Director of Developer Relations, MongoDB View all posts by Joe
3 thoughts on “Bebo Shuns $550 Million Acquisition Offer”
Makes you wonder what kind of ROI the VCs are looking for – they can’t have invested more than $55 million surely ?
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.
Well it’s caught on like a wild fire in Ireland. Unbelieveable use by the 15-25 age group. They did someting right.