Aol Posts $100 Billion Loss! - GoFuckYourself.com

goBigtime · 01-29-2003, 04:47 PM

The Largest Annual Loss in US Corporate History

http://www.washingtonpost.com/wp-dyn...2003Jan29.html

Followed by Ted Turners Resignation from the board...

http://www.washingtonpost.com/wp-dyn...2003Jan29.html

DAYUM.

FATPad · 01-29-2003, 04:49 PM

yomza!

cheekycherry · 01-29-2003, 04:57 PM

That's bad... I knew they needed my £15 a month more than me.

I'm gonna subscribe again!

SAVE AOL

uno · 01-29-2003, 04:58 PM

Quote:

Originally posted by goBigtime
The Largest Annual Loss in US Corporate History

http://www.washingtonpost.com/wp-dyn...2003Jan29.html

Followed by Ted Turners Resignation from the board...

http://www.washingtonpost.com/wp-dyn...2003Jan29.html

DAYUM.

The gov't never should have let the aol/time warner merger happen.

slapass · 01-29-2003, 05:06 PM

it is just paper loss. They bought tons of shit with their overpriced stock in 1999 and 2000. So the stuff they bought was valued very high and now they readjust the value.

NitroPhil · 01-29-2003, 05:09 PM

The loss is to keep these guys in business...

http://www.nomoreaolcds.com/

WiredGuy · 01-29-2003, 05:12 PM

50 Billion of that is accounting updates. They had some accounting irregularities and as a result 50 billion of it was made in Q1 of 2002 and as such they're year end loss looks very inflated. In future years, they should be a bit more controllable, even though 50 billion loss is still quite bad.

WG

Dildozer · 01-29-2003, 05:13 PM

good
i hope they croak

rowan · 01-29-2003, 05:14 PM

That sort of loss is fucking obscene, but as slapass said it's just a paper loss.

Profits are more interesting. Recently in Australia, Telstra made the biggest profit in Australian corporate history, more than 4 billion Australian dollars. Our population is about 19 million, so that's more than $AUD200 ($USD110+) profit for every single person in this country.

I'll say it again -

"fucking obscene."

01-29-2003, 04:47 PM	#1
goBigtime Confirmed User Join Date: Nov 2002 Posts: 7,761	AOL Posts $100 Billion Loss! The Largest Annual Loss in US Corporate History http://www.washingtonpost.com/wp-dyn...2003Jan29.html Followed by Ted Turners Resignation from the board... http://www.washingtonpost.com/wp-dyn...2003Jan29.html DAYUM. Last edited by goBigtime; 01-29-2003 at 04:49 PM..

01-29-2003, 04:49 PM	#2
FATPad Confirmed User Join Date: Oct 2001 Posts: 6,693	yomza! __________________ <a href="http://www.adultcontent.co.uk">Adult Content UK - Great British Content</a>

01-29-2003, 05:12 PM	#7
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,509	50 Billion of that is accounting updates. They had some accounting irregularities and as a result 50 billion of it was made in Q1 of 2002 and as such they're year end loss looks very inflated. In future years, they should be a bit more controllable, even though 50 billion loss is still quite bad. WG __________________ I play with Google.

01-29-2003, 05:13 PM	#8
Dildozer Confirmed User Join Date: Jul 2002 Location: Montreal Posts: 7,519	good i hope they croak __________________ Spam link here

01-29-2003, 04:57 PM	#3
cheekycherry Confirmed User Join Date: Feb 2002 Location: N/A Posts: 1,703	That's bad... I knew they needed my £15 a month more than me. I'm gonna subscribe again! SAVE AOL

01-29-2003, 05:06 PM	#5
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,625	it is just paper loss. They bought tons of shit with their overpriced stock in 1999 and 2000. So the stuff they bought was valued very high and now they readjust the value.

01-29-2003, 05:09 PM	#6
NitroPhil Confirmed User Join Date: Jun 2002 Location: Lightspeed Sorority Posts: 103	The loss is to keep these guys in business... http://www.nomoreaolcds.com/

01-29-2003, 05:14 PM	#9
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	That sort of loss is fucking obscene, but as slapass said it's just a paper loss. Profits are more interesting. Recently in Australia, Telstra made the biggest profit in Australian corporate history, more than 4 billion Australian dollars. Our population is about 19 million, so that's more than $AUD200 ($USD110+) profit for every single person in this country. I'll say it again - "fucking obscene."