20 November 2009

AU - Bebo to shut down in Australia

(Sydney Morning Herald)
The Facebook juggernaut has claimed the scalp of AOL Time Warner's $US850 million acquisition of Bebo, with the social media site tipped to close its Australian operation before Christmas as part of a global retreat and rethink. Australians, unlike net users in many other markets, have rapidly given Google and Facebook a near-monopoly position in online search and social networking.