Originally posted by: numark
Wow...never thought I'd see the day that AOL both lost Ted Turner and had earnings of -$22.15. Interesting to see how many people could have predicted this at the time of the merger.
I did and so did many others. It is actually a $100 Billion lost in 2002.
I was one of the original AOL subscribers as I was an Engineer at Hayes Modems and helped write the Modem strings and commands for all Modems to get on the AOL Network, not just Hayes units. That was why I was given an "Overhead" account way back when. My account was taken away from me because of the State case but I later got the account back but a paid account.
I had DSL so I got the (BYO) Bring Your Own access to get into the AOL Network. They were only charging $4.95 a month which was reasonable to access the content and services. Then they started raising the rates (first to $9.95 a month, then $14.95) and actually sent an E-mail out that they didn't want Bring Your Own access accounts at all. They had a bird brained plan that they were going to convert everyone into getting AOL DSL services at their crazy high rates. So they actually shut down and turned away thousands of monthly recurring revenue accounts, so you think this is a surprise of 100 billion loss? I wrote about this early last year when they did this.