Bebo’s Founder Says He’s Bought It Back For $1M, Plans To ‘Reinvent’ It

"Launched in July 2005, Bebo has steadily risen to become one of the world’s most popular social networking sites. Users can create profiles on the site for free, stay connected with friends, watch videos, and listen to music. In early 2008 Bebo had over 34 million registered users and 7 billion monthly page views. Bebo’s founders have extensive experience in online social networking, having been involved in the founding and building of such companies as Birthday..."

I guess those don't get updated unless good things happen to the company.

Seriously, though, since they have a proven system that was pretty popular, a little tweaking and a good marketing plan (perhaps one that exploits the sell-your-life-to-NSA issues of other networks), and I could see it come roaring back to life.