Liz Gannes

Recent Posts by Liz Gannes

Bebo Founders and Shareholders Sue New Owner

Bebo’s co-founders Michael and Xochi Birch and other investors are suing its new owners and seeking $5 million in damages, paidContent reports. The group was persuaded to put more money into Bebo after Criterion Capital Partners bought the social network from AOL in 2010. The investors allege that Criterion has mismanaged the site and withheld information from them.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald