maumann
Well-Known Member
Remember those heady days when Internet monster AOL was able to buy TimeWarner for $182 billion? And Yahoo! bought Tumblr for $1.1 billion? Yeah, that didn't work out so good.
In 1999, AOL had a market cap of $222 billion. Yahoo! was valued at $140 billion in 2000 before its stock went from $475 a share to $8.
Verizon sold off AOL and Yahoo! for $5 billion to Apollo, which probably has no idea what to do with them, either. Too bad the "bad word" dot.com company website that kept track of all the implosions from 2000-2002 doesn't exist any more.
https://www.cnbc.com/2021/05/03/verizon-sells-yahoo-and-aol-businesses-to-apollo-for-5-billion.html
In 1999, AOL had a market cap of $222 billion. Yahoo! was valued at $140 billion in 2000 before its stock went from $475 a share to $8.
Verizon sold off AOL and Yahoo! for $5 billion to Apollo, which probably has no idea what to do with them, either. Too bad the "bad word" dot.com company website that kept track of all the implosions from 2000-2002 doesn't exist any more.
https://www.cnbc.com/2021/05/03/verizon-sells-yahoo-and-aol-businesses-to-apollo-for-5-billion.html
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