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Old 2011-08-09, 02:09 PM   #1
hugh
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Join Date: Dec 2001
Location: Toronto
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Default 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.
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