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Social Network Bebo Has Filed A Voluntary Chapter 11 Bankruptcy Petition

TechCrunch: Looks like Bebo, once an early star in social networking, is progressing to the next step in the long and messy struggle between majority shareholder Criterion Capital Partners and minority shareholders that include co-founder Michael Birch, Hecker Consultancy and SV Angel:, Inc. has filed a voluntary petition for Chapter 11 Bankruptcy in the Central District of California.

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In2iti0n2207d ago

This is what happens when you don't learn how to adapt to changes in the industry. I'm kind of sorry for Bebo.