The Rise And Fall Of AOL

At its peak in December 1999, AOL had a market capitalization of $222 billion dollars. Since then, the influx of broadband internet and the burst of the dot-com bubble reduced the one- time internet behemoth to a shadow of its former self. AOL once dominated email, internet connectivity, online news, and chat. AOL couldn't maintain its superior position as subscription and advertising revenue dried up with the shift from dial-up modems to cable broadband. A disastrous merger with Time Warner in 2000 was unwound in 2009. Along the way, AOL tried but failed to buy Facebook, YouTube and a minority stake in Chinese Internet company Tencent, Eventually, AOL to sold to Verizon in 2015 for just $4.4 billion. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC #AOL The Rise And Fall Of AOL