AOL/Bebo Buy Could Create Second-Largest Social Platform

In a move that should help them secure a bigger slice of the social networking world, AOL has entered into an agreement to purchase social platform Bebo. The social platform boasts 40 million unique users worldwide; once joined with AOL's AIM and ICQ systems AOL that number will grow to 80 million uniques.

With 80 million unique users, the AOL/Bebo baby will be larger than Facebook (67 million uniques) but still smaller than MySpace.

What exactly is AOL getting?

According to comScore, Bebo is one of the fastest growing social networks with 688% growth from January 2007 to January 2008. Facebook showed only 11% growth and MySpace 8% growth during the same period. Though their total unique users are much fewer than MySpace or Facebook, Bebo users spend more time in the social space. Bebo users spent 217 minutes in the social space in January while Facebook users spent 198 minutes and MySpace users spent only 156 minutes.

HitWise found that Bebo was the fourth most popular social platform following MySpace, Facebook and MyYearbook in February 2008. More than 80% of Bebo traffic for February was return traffic. In the UK, Bebo is the brand most searched for, leading both Ebay and Facebook.

Looking ahead into 2008, Bebo has plans to launch social platforms in France, Germany, Italy, the Netherlands and Spain. AOL, also, has announced plans to spread their social wings a bit more with some reporting that the company plans to expand into 30 more countries by 2009.


by Kristina Knight
bizreport.com