Bebo

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  Guy Sells His Company For $850 Million, Watches It Crumble, Buys It Back For $1 Million

  02 Jul 2013 by Jasmine Stone / 2 Comments

  Michael Birch, founder of Bebo the social networking site, sold the website for $850 million to AOL in 2005, but Birch has now bought back his webiste for a mere $1 million – just to to play around with it and see if it can once again prosper.

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