AOL is losing money on itself, too. In the last five years its valuation (what people think it might be worth if sold to another entity) has dropped from the $20 billion Google pegged it at in 2005 to a mere $4 billion to $4.3 billion, according to several analysts. If you cancel AOL but […]
I have a tutorial to write and an older post to rework and republish this week, and I’d like to do a rip, I mean, a review of myAOL and Mgnet, but I’ll touch quickly on what’s going on this week with AOL…wow, not much isn’t. First off, if you haven’t heard about AOL’s class-action […]
As I wrote in Does AOL print its own money?, AOL has spent years paying for dozens of fraudulent escapades involving falsified advertising revenue and non-existent deals dreamed up between them and dozens of smaller Internet companies during their heyday and sequential dot-bust. While a running tally I’ve kept on fraud settlements has them paying […]
In news that’s just the old being made new again, AOL settled complaints with 48 states yesterday, according to Reuters. “The resolution announced Wednesday was driven by a deluge of complaints from AOL customers who said they tried to close their accounts, only to be thwarted in their attempts or discover they were still being […]
03-04-2007: Updated and recalculated after AOL’s latest settlement. Updated again 03-11-2007, 4-02-2007 and 5-10-2007. AOL is painting their bad news in a positive light. Now they claim a recent stack of accounting fraud lawsuits against them are going to be paid for with a special fund that they set up years ago with $20 million, […]
Edited 05-15-2007. It’s a slow news day so I’ll catch up on the dot-com bust as it relates to AOL. Their double-dealing and questionable activities near the end of the first dot-com bubble (we’re in the second one right now, hence Bubble 2.0) have taken four years to work through court. In fact, the show’s […]
Kent D. Wakeford, former executive affairs director of AOL’s now-defunct NY business unit. It’s a real award (as far as he was concerned) and was bestowed upon him by his former boss, David Colburn. In Colburn’s speech about it, he called Kent’s deal-making with PurchasePro, their former business partner: …““science fiction,” according to “Stealing Time,” […]
Also see How to File a Complaint Against AOL. “ Consumers should not have to keep looking over their shoulders to make sure mega-corporations aren’t trying to take advantage of them. This agreement is an important step toward protecting our citizens from consumer fraud.“ –quote of the year, from FL State AG Charlie Crist AOL, […]
Anti-AOL 