Tag Archives: AOL
How Eric Simons Squatted At AOL Palo Alto Headquarters For Two Months
When Eric Simons was 19 years old, he was able to squat at the AOL’s Palo Alto headquarters for two months. He did not have a home at the time, but he had a vision. Simons would hide out at night on couches, eat the company food, and exercise and shower in the gym. When Simons was in high school, he had little interest in education. One day his chemistry teacher confronted him and demanded to know what she could do to make him interested. Simons was stumped because she didn’t ask him to try harder or to stay after school for help — she wanted to find out his interests. Eventually he said that computers were his main interest.
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Categories AOL, ClassConnect, Clint Korver, Eric Simons, Imagine K12, Paul Sherer, Ulu Ventures
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TechCrunch: We Are Not For Sale
TechCrunch editors Eric Eldon and Alexia Tsotsis said “we’re not being sold.” Instead TechCrunch has hired a bunch of “brilliant writers and a new COO.” Over 1,000 people attended their TechCrunch NYC meet-up last night as well. Traffic has been up with regards to unique visits year over year. They did hear about sales rumors as well with interest supposedly from Jason Calacanis.
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Categories Alexia Tsotsis, America Online, AOL, Eric Eldon, Jason Calacanis, TechCrunch, Tim Armstrong
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RUMOR: AOL Exploring Sale Of Engadget and TechCrunch
AOL is exploring the sale of technology websites Engadget and TechCrunch according to Sarah Lacy of PandoDaily.com. They are also considering selling off TUAW and Joystiq as a package along with those other two websites. The price they are seeking is around $70 to $100 million for all of the properties.
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Categories America Online, AOL, Engadget, Michael Arrington, TechCrunch
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AOL Reports Quarterly Revenue At $529 Million
AOL Inc. has reported their quarterly earnings. Revenue for the quarter was $529 million. Wall Street’s expectations were $527 million and seven cents a share. Domestic display sales are down 1% after climbing for several quarters. AOL’s audience has been dropping as traffic to AOL’s own properties is down 4% over the last year. AOL’s dial-up division is still powering the company, but it is continue to shrink. They lost 14% of their subscribers in the last year.
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Categories America Online, AOL
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Bebo Founders and Shareholders Suing Criterion Capital
Bebo co-founders Michael and Xochi Birch (MXB Holdings) along with SV Angel, Michael Jackson (TV executive), and Richard Hecker have filed a lawsuit against Criterion Capital Partners, who bought Bebo from AOL in June 2010. The group of investors were persuaded to put money into Bebo after Criterion acquired the social network, but the investors are alleging that Criteron was mismanaging the website and withheld information from them.
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Facebook Paying Microsoft $550 Million To Access Old AOL Patents
Facebook is paying Microsoft $550 million to access 600 older AOL patents. Facebook is getting ready to have an IPO and they are dealing with a lawsuit from Yahoo! Yahoo! filed a lawsuit against Facebook last month over 10 patents. Below is a press release from Microsoft:
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Categories America Online, AOL, Facebook, Microsoft Corporation
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Microsoft Buys 800 Patents From AOL For $1.1 Billion
AOL has announced that they will be selling 800 patents to Microsoft for $1.056 billion in cash. AOL will continue to hold on to about 300 patents and patent applications after this sale. Those patents are related to advertising, search, and content generation. Microsoft participated in a competitive auction process to close the deal.
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Categories America Online, AOL, Microsoft Corporation
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Arianna Huffington No Longer Oversees TechCrunch and Engadget
Yesterday The New York Times published an article saying that Arianna Huffington now has more control over AOL, but it turns out that her job has been narrowed according to BusinessInsider. After AOL acquired Huffington Post, all of the editorial properties were combined into one division called the AOL Huffington Post Media Group and Arianna was made the president. This may not have been the best move for AOL.
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Categories America Online, AOL, Arianna Huffington
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Tim Armstrong’s New Contract Asking Him To Stick Around Until March 2016
“We are continuing to work on the comeback of AOL and have a plan that is beneficial for employees, customers and shareholders,” said AOL in a statement. On Friday, AOL extended their employment agreement with chairman and CEO Tim Armstrong through March 2016. His previous deal was supposed to expire on April 7.
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Categories America Online, AOL, Tim Armstrong
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AOL Acquires Photo-Sharing App Hipster
AOL has acquired Hipster and their five-person team will be working at the company’s mobile team in Palo Alto, California. They will be reporting to Sol Lipman. Hipster CEO Doug Ludlow will be the director of mobile product management. Hipster will not be shut down.
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