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|Headquarters||San Francisco, California, U.S.|
Number of employees
Criterion acquired social networking service Bebo in 2010. Bebo was previously owned by AOL, who originally purchased the service for $850 million in 2008. The acquisition had failed as Bebo's business was declining. AOL sold the company for less than $10 million to Criterion. Following the acquisition, Bebo's business did not improve. In April 2012, the minority shareholders filed a $5 million suit against Criterion for "destroying the site". Then in May, TechCrunch reported that Bebo filed for voluntary Chapter 11 bankruptcy.
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