Worst…acquisition…EVER

Today Time Warner announced its plans to spin off AOL into its own publicly traded company, to be run by former Google advertising executive Tim Armstrong, who has been on board since March.  Time Warner will purchase Google‘s  5% stake in the company for an undisclosed amount before the spin-off.

Somehow, someway, people are still paying for dial-up internet service and AOL is generating some cash; though nowhere near the amount that would justify the huge embarrassing failure of a deal, which saw AOL purchase Time warner for $147 billion at the height of the tech boom.

The general consensus on StockTwits seems to be that AOL is DOA.  Some are saddened at the destroyed business, others at the reminder of their age.

Though, there is some light at the end of the tunnel via Howard Lindzon:


howardlindzon May. 28 at 10:55 AM #
@stocktwits, much like $yhoo, $aol could buy twitter, stocktwits, disqus and tubemogul and get REAL time. in social media and video

It was agreed that if AOL would make some smart, aggressive moves that its tech brothers are slow on, they could just be relevant; though it seems to be a long shot.  Be sure to check out the TWX stream on StockTwits.com for the rest of the chatter; there are some good ones. ;)

- @llboyd


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