AOL buys Bebo for $850 million Why didn't AOL do more with the social networking desire they were creating before having to buy Bebo for $850 million? AIM is the Atari of Social Networking. Period. I remember creating my first AIM account from my mother's computer while in highschool. Browsing around other screen names and finding new friends, friends of friends, and getting to know someone while tricking your parents into thinking that you are doing homework were definitely the good 'ol days. (Although it would have been nice to pull that stunt in gradeschool like this generation!) in Public bookmarkswith $8502008aimanthonyaolbebocerretaindustrymillionnetworkingnewsnthosocial Note: AOL buys Bebo for $850 million