AOL Would Face Cold World Alone
Updated from 3:24 p.m. EST
In the end, even Steve Case abandoned his baby.
The 44-year-old Hawaii native on Sunday night walked away from the online service he nursed from obscure infancy into by far the most popular Internet portal in the world. The question now is whether AOL Time Warner(AOL Quote) will do the same.
There's plenty of reason to think it might. Since its inception as the harmonic convergence of old media and new, AOL Time Warner has buckled under the weight of its own flawed vision. It's been the focus of a Securities and Exchange Commission investigation into dubious business practices of its online unit. It took a gigantic $54 billion charge early last year to write down the declining value of the online unit, with another $10 billion to $20 billion reportedly in the offing. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,444.60 | 1,104.13 | 2,184.29 | 35.52 |
Oil *
71.62
|
|
UP
38.77
|
UP
1.78
|
DOWN
6.57
|
UP
0.70
|
10 Yr
3.55%
SPDR Gold
109.50
|
|
+0.37%
|
+0.16%
|
-0.30%
|
+2.01%
|
Data delayed 20 minutes |
Connect with TheStreet