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A Brief Chat History of AOL's Rise, Fall and Re-Birth
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12.05.2015
AOL, the gateway to the 'old' Internet, stunned the social media world it completely missed out on by announcing plans to be acquired by Verizon for $4.4 billion.
The deal amount is at once staggeringly small for AOL — a company that once had a market cap of $222 billion at its peak in 1999 — and also staggeringly large for a business that many consider a relic of another era.
It succeeded — or at least it succeeded enough for Verizon to commit billions for what is essentially being billed as a deal for advertising technology.
The deal amount is at once staggeringly small for AOL — a company that once had a market cap of $222 billion at its peak in 1999 — and also staggeringly large for a business that many consider a relic of another era.
It succeeded — or at least it succeeded enough for Verizon to commit billions for what is essentially being billed as a deal for advertising technology.
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