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April 2010



Stupid Management Tricks

April 08, 2010 – Comments (5) | RELATED TICKERS: BRK-A

I just read that AOL is going to shut down Bebo, a social networking site it bought less than 2 years ago for 850 million. My guess is that this is going to be a complete write-off. They bought it in the hopes of finding some way to be have a future and were trying to get into the social networking game. Alas, they failed to get much market share and have decided to shut it down rather than pour good money after bad.   [more]

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