Bebo founders buy back worthless social network for $1million after selling it to AOL for $850million just five years ago
- Michael Birch and his wife, Xochi Birch, netted some $600 million from the sale of their social network in 2008
- At one point, Bebo had 40 million users but two months ago the company filed for bankruptcy
- Downfall was due to AOL's mismanagement and the rise of Facebook
- Mr Birch tweeted today they'd bought back the company for $1m for 'fun'
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