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Bebo was founded in 2005 by husband and wife - Michael & Xochi Birch. It grew into the 3rd largest social network in the world and indeed - fun times were had. They sold the company in 2008 to AOL for $850M and celebrated with a victory pint. Over the years, the website faded away, until last year the original founders decided to buy Bebo back for $1 million, and began brainstorming ways to re-invent it into something fresh.
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