Bebo is a social network a few rungs down from Facebook, which for all practical purposes means it may as well be someone’s WordPress blog. That’s why AOL is finally admitting it missed the window for social network dominance and will sell it or close it “soon,” according to an internal memo. If you’ve been hanging on to a Bebo account and hoping the tide would turn, you might want to start checking out the other more popular social networks out there.

“AOL Plans to Sell or Shutter $850 Million Bebo Acquisition” [Wired]

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