Interesting People - Michael and Xochi Birch

Michael and Xochi Birch are a British couple who set up social networking site Bebo,

(What makes them really interesting is that they sold the site for $850 million (655 million euros) just six years ago, and now they have bought back the company for just $1 million and say they will relaunch it. Bebo was the destination of choice for teenagers to chat and share pictures, they had 40 million users by 2008, but it was all down hill from there and Bebo filed for bankruptcy in May 2013.

It all seems to point to one thing, don't invest capital you can't afford to lose in social networking sites. Basically you are gambling.)

More Interesting Stuff

Popular posts from this blog

Interesting Number - 52