AOL IN FREE FALL
WaPo reports some interesting news:
America Online’s subscriber base plunged by 846,000 in the second quarter, as hundreds of thousands left for cheaper or faster Internet connections and a similar number were dropped because they had been mistakenly counted in the past, AOL Time Warner Inc. disclosed yesterday.
Amazing. I hope this will cause AOL to rethink its business model rather than going under, especially since the company is a major employer in my neighborhood (their HQ is about three miles from where I live). But selling unreliable, overpriced training wheels to use something as simple as the World Wide Web couldn’t last forever.
It’s amazing it took this long……
I hope AOL manages to survive this freefall too. The last thing we need is more people hitting the unemployment lines.