AOL loses a staggering $100 BILLION

Discussion in 'Archived Threads 2001-2004' started by Michael*K, Jan 29, 2003.

  1. Michael*K

    Michael*K Screenwriter

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    In a corporate freefall that's difficult to grasp, AOL Time Warner announced today that it lost nearly $100 billion dollars last year. The news resulted in the resignation of Ted Turner and cemented the notion that the union of AOL and Time Warner two years ago was due to become a monumental failure. Makes UAL's annual losses look like peanuts.
     
  2. Rob Lutter

    Rob Lutter Producer

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    *ahem*

    [​IMG] [​IMG] [​IMG]

    ... that is all. [​IMG]
     
  3. Carl Johnson

    Carl Johnson Cinematographer

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    If it hadn't been proven otherwise I would have bet that between the two companies they couldn't lose that much money if they tried.
     
  4. Cam S

    Cam S Screenwriter

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    Wow, a colossal failure. I really hope there is no more AOL or COL crap, all these cd's I keep getting in the mail and with computer parts is driving me nuts. Not too mention it is CRAP software!
     
  5. Jeff Kleist

    Jeff Kleist Executive Producer

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    99 Billion went to AOL CDs [​IMG]
     
  6. Todd Hochard

    Todd Hochard Cinematographer

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    Here's some perspective for you-
     
  7. Tim Hoover

    Tim Hoover Screenwriter

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    They personally lost about twenty bucks on me, as I replaced DVD keepcases that had broken [​IMG]
     
  8. Justin Lane

    Justin Lane Cinematographer

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    Recent reports say they will probably drop the AOL tagline from the company name soon as well. This merger could go down as one of the worst of all times, even worse then DaimlerChrysler.

    J
     
  9. Max Leung

    Max Leung Producer

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    Hey isn't this old news from last year? Packy, I think this post was made a year ago, and a glitch in the system altered all timestamps on the posts in this thread.

    Boy I can't believe I found a bug in the forum software! I mean, what company could lose tens of billions two years running? That's UNpossible!
     
  10. Bill Slack

    Bill Slack Supporting Actor

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    But there's a 54 billion and 45 billion dollar right-off of the AOL purchase in that number. They didn't 'loose' that money, per se, that just have to account for AOLs (lack) of value. It's still bad, but it's not as if they are generated that much negative cash flow (otherwise they would be out of business pretty quick!)
     
  11. Dave Poehlman

    Dave Poehlman Producer

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    I hope they don't go out of business... then I'll have to try and explain local ISP's to my father-in-law when he loses his AOL. [​IMG]
     
  12. Michael Reuben

    Michael Reuben Studio Mogul

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  13. Nathan*W

    Nathan*W Screenwriter

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  14. Danny Tse

    Danny Tse Producer

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    I work for the government, and I thought we are pretty good at losing money.
     
  15. Grant B

    Grant B Producer

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    You've Got Mail!
     
  16. Jeff Ulmer

    Jeff Ulmer Producer

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    After dealing with their customer service for the past three weeks trying to get my frikin coupon for signing up, it's no wonder they are losing money...
     

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