The Sinking Ship that is AOL

Posted by ryuzaki0 on Tuesday October 15, 2002 @03:34AM from the bailing-out-the-titanic-with-a-teaspon dept.

EyesWideOpen writes "This article at Salon discusses the ways in which AOL is trying to stay afloat, with the release of version 8.0 of it's software, in a time when AOL (which recently merged with Time Warner) has had a string of bad press -- falling stock prices, SEC investigation, etc. -- attached to it's name. One of my favorite quotes from the article says of AOL: ''It was never really an Internet company. AOL was based on the idea that people needed to live in a halfway house while they became accustomed to the Net.'...If folks can get a better, faster, cheaper online experience by ditching AOL, they'll do it in a heartbeat.'"

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Ironic... by toupsie · 2002-10-15 03:40 · Score: 3, Troll

One failing media company is dissing another failing media company.
I hope that AOL's woes don't tear down Time/Warner which has many great media properties that will be scattered to the winds if AOL needs to gin up some cash. Over the weekend, I heard analyst say that if AOL had not purchased Time/Warner, the Time/Warner stock would be around $40 and AOL would be around $4. Right now, AOL is at $11.89. I wonder if former Time/Warner stock holders feel like idiots for approving the merger.

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Strange women lying in ponds distributing swords is no basis for a system of government.