Bebo

Bebo is leaving the balls behind, says founder – video

Bebo's founder Michael Birch appears in a spoof corporate video after spending $1m buying back the social network, which had long since fallen out of favour among fickle web consumers

Bebo and the other mega-deals that proved to be spectacular flops

The man who sold Bebo for $850m has just bought it back for $1m, meaning an $849m loss for its original buyer AOL. But it's not the only example of such a disaster in the business world