Well, depending on how you look at it, Bebo was bought by AOL for $850m when it was still in it's startup stages (fairly late stages, mind you). Recently it was

Well, depending on how you look at it, Bebo was bought by AOL for $850m when it was still in it's startup stages (fairly late stages, mind you). Recently it was sold to Criterion Capital Partners LLC for a tiny $10m. Sure it didn't fold, but this project was massively funded and ended up flopping. Definite fail.