If you own AOL stock(like my dh just told me we did), I would say yes.
You pay for what you get.
Arianna Huffington and Ken Lerer, co-founders of the Huffington Post, are said to be walking away with a combined $80 million to $100 million from an original $2 million per person investment -- but so far AOL stockholders aren't seeing that kind of return.
Since Feb. 1, the price of AOL shares has dropped from $23.85 to $20.89 at yesterday's close.
With 106.7 million shares outstanding, that means AOL has shed $315 million in value over the last five trading days -- which happens to be exactly the same price AOL agreed to pay to acquire HuffPo.
Asked by Anonymous at 4:39 PM on Feb. 9, 2011 in Politics & Current Events
Answer by grlygrlz2 at 4:43 PM on Feb. 9, 2011
Answer by QuinnMae at 4:48 PM on Feb. 9, 2011
Answer by Carpy at 4:55 PM on Feb. 9, 2011
LOL... I wonder how long before the HuffPo acquisition becomes "#19" on on AOL's list of top failures?! :o)
Answer by LoriKeet at 5:08 PM on Feb. 9, 2011
From a business standpoint, this makes me chuckle:
"AOL Inc. bought the Huffington Post in a bid to draw more readers and advertisers. But some marketing executives are expressing concerns about the liberal-leaning nature of the site and its potential to taint the broader AOL brand."
LOL.... Really?? ;o)
Answer by grlygrlz2 at 5:16 PM on Feb. 9, 2011
Answer by tasches at 5:33 PM on Feb. 9, 2011
Answer by yourspecialkid at 6:49 PM on Feb. 9, 2011
Answer by jesse123456 at 8:46 PM on Feb. 9, 2011
Answer by alisha2104 at 8:47 PM on Feb. 9, 2011
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