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.

yomza!

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

I'm gonna subscribe again!

SAVE AOL :1orglaugh

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

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.

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

http://www.nomoreaolcds.com/

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

good
i hope they croak

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."