Results steadied as well, in both search and display. The personality battles with Arianna and TechCrunch simmered down and both properties have continued to grow and develop. HuffPo looks like a particularly brilliant deal by Armstrong now several months on.
When the activists actually carried through on their threat to stick with a proxy fight last spring, they ended up with no credible arguments for why shareholders should vote to change AOL management. How could any shareholder complain about Tim Armstrong's leadership?
And AOL's stock? Oh, it just went up to a few pennies shy of $44 a few months ago and -- after the latest good earnings report -- appears heading back to pass that. That's a 340% gain in a year and a half, for those of you keeping score at home.
The most mind-blowing thing about that result is that no one -- as in zero -- has said anything congratulatory to Tim Armstrong. AOL never gets discussed other than the random comment, "Oh, wow... look at AOL... anyway, about Apple...."For every dollar the stock dropped on its way to $10, you heard people piling on, and then nothing on this remarkable run. So let me be the first to say, congratulations Tim and the rest of the AOL management team. I was wrong to criticize you folks. Everyone was wrong. All of you deserve to be called out for an outstanding turnaround of this company. Congrats and continued success.
At the time of publication the author had positions in YHOO and AAPL. Follow @ericjackson This article was written by an independent contributor, separate from TheStreet's regular news coverage.