Bebo's Founder Michael Birch Says He's Bought Back The Social Network For $1M, Plans To ?Reinvent' It

Another turn in the twisted life of social network Bebo, which has unfortunately gone in the direction of a downward spiral for much of the last couple of years: the site appears to have been bought back by its founder Michael Birch for $1 million. Birch originally sold the company to AOL (owners of TechCrunch) for some $850 million back in 2008, and has since been a part of the group that has tried to rescue it. He now says he wants to "re-invent" it:

Source: http://feedproxy.google.com/~r/Techcrunch/~3/wrq8d0xTv84/

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