AOL shares plummet - Canadian TV, Computing and Home Theatre Forums

hugh · 2011-08-09, 02:09 PM

The past few days have been a sob story for stocks, and AOL needs even more tissues than most.

Shares dropped 21% after releasing financial results. Shares are down almost 47% year-to-date, and they closed at an all-time low last week.

It's all a far cry from 2001, when then-powerhouse AOL took over Time Warner in 2001 for $111 billion. By late 2009 -- when Time Warner spun off AOL and unwound what's now considered one of the worst mergers in history -- AOL was worth only $3 billion.

PFD · 2011-08-09, 09:12 PM

Didn't even know AOL was still around since I stopped receiving those annoying CDs.

2011-08-09, 02:09 PM	#1
hugh Member #1 Join Date: Dec 2001 Location: Toronto Posts: 47,501	AOL shares plummet The past few days have been a sob story for stocks, and AOL needs even more tissues than most. Shares dropped 21% after releasing financial results. Shares are down almost 47% year-to-date, and they closed at an all-time low last week. It's all a far cry from 2001, when then-powerhouse AOL took over Time Warner in 2001 for $111 billion. By late 2009 -- when Time Warner spun off AOL and unwound what's now considered one of the worst mergers in history -- AOL was worth only $3 billion. __________________ As of January 2012, I am no longer the owner of the Digital Home website. If you have questions about the operation of the site, please contact VSAdmin. For personal inquiries contact me at the Hugh Thompson website.

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2011-08-09, 09:12 PM	#2
PFD Join Date: Feb 2006 Posts: 1,056	Didn't even know AOL was still around since I stopped receiving those annoying CDs.