bebo raises $15m

May 22, 2006 — 2 Comments


Social Networking remains very, very hot. Just a day after the E-Commerce Times ran this story about kiddies starting to turn away from MySpace because it’s become a bit to mainstream, and that they are moving to sites such as bebo, Paid Content reports that bebo has just raised $15 million in VC from Benchmark Capital.

What I also found completely amazing was their membership numbers: 24 million registered users and rising. That’s about 35-40% of MySpace, but in a marketplace in which quite recently MySpace was said to have over 80% of the market, I’d think NewsCorp and Rupert would want to watch their backs with this mob.

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