‘Bebo gets new funding’ shocker

Social networking site Bebo gets $15million in funding to expand it team in the US. Massive in the UK, Ireland and New Zealand, the site is said to have team up with Skype to integrate telephony. Like MySpace.com, video streaming is now big business on the site.

Did the frenzy for social networking sites only arise after Murdoch bought MySpace? Will we see a repeat of the battles which occured between the likes of eBay and QXL? Or will these sites die a death once they’ve fallen out of favour with teens? After all, teens go where their friends go – not just to the biggest / best sites.