They bought it for $850 million two years ago and sold it for a rumored $10 million.
Ouch..... thats a serious drop..someone really screwed up that one......the guy behind the purchase probably got a bonus..party ...and slap on the back at the time i bet.
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Not surprising at all really... AOL has NEVER been in the game EVER. They just THOUGHT they were back when they were selling proxied Internet service to uninformed dialup users... That was doomed to fail from the beginning...
Here's a hint and it applies to everyone in the adult space too... If your business model relies on users being uninformed about what's out there... it's going to tank sooner or later. The general public is pretty stupid but most of them aren't blind; especially when it comes to watching their wallets...
Not surprising at all really... AOL has NEVER been in the game EVER. They just THOUGHT they were back when they were selling proxied Internet service to uninformed dialup users... That was doomed to fail from the beginning...
Here's a hint and it applies to everyone in the adult space too... If your business model relies on users being uninformed about what's out there... it's going to tank sooner or later. The general public is pretty stupid but most of them aren't blind; especially when it comes to watching their wallets...
The irony of this post . . .
Assclown Bob Rice wants to BANG your credit card!
"I am putting the bastards of this world on notice; greed and corruption will always be met with "a voice made of ink and rage."
Not surprising at all really... AOL has NEVER been in the game EVER. They just THOUGHT they were back when they were selling proxied Internet service to uninformed dialup users... That was doomed to fail from the beginning...
Here's a hint and it applies to everyone in the adult space too... If your business model relies on users being uninformed about what's out there... it's going to tank sooner or later. The general public is pretty stupid but most of them aren't blind; especially when it comes to watching their wallets...
Steve Case disagrees. He tried to count his money but realized it would take the rest of his life. Although he is down to under a billion.
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