You knew it. We knew it. Everyone but Ron and Randy knew it was never a good idea for AOL to spend $850 million on Bebo.
(Now AOL knows it. They plan to sell or shut down the site in 2010.)
Case in point: In the year after AOL bought the social network, its UK sales office swung from $4 million annual profit to a $1.7 million loss.
Business Insider Emails & Alerts
Site highlights each day to your inbox.
Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.