Loss of billions at AOL
Wegen massiven Abschreibungen hat AOL auf den Firmenwert im zweiten Quartal einen Verlust von knapp 1.1 Milliarden Dollar geschrieben. Auslöser der Neubewertung waren der gesunkene Aktienkurs sowie die Trennung vom sozialen Netzwerk Bebo und dem Chatdienst ICQ.
The US internet company earned 91 million dollars in the same period last year. On Wednesday, the share price fell by 3 percent. It has thus lost a third of its value since April. Advertisers and users have been fleeing in droves recently - while the competition has recovered from last year's crisis. Turnover fell by 26 percent to 584 million dollars.
The company is getting healthier every day, said CEO Tim Armstrong according to SDA. In November, AOL announced plans to cut around 2,500 jobs, or a third of all jobs.
At the height of the Internet euphoria, AOL, which was founded 25 years ago, merged with the Time Warner media group. However, the 100 billion dollar marriage fell into crisis when the dotcom bubble burst. AOL was downgraded to a marginal division of the group until Time Warner finally decided to separate.
www.sda.ch
The company is getting healthier every day, said CEO Tim Armstrong according to SDA. In November, AOL announced plans to cut around 2,500 jobs, or a third of all jobs.
At the height of the Internet euphoria, AOL, which was founded 25 years ago, merged with the Time Warner media group. However, the 100 billion dollar marriage fell into crisis when the dotcom bubble burst. AOL was downgraded to a marginal division of the group until Time Warner finally decided to separate.
www.sda.ch
