AOL stayed in the past, and that’s why they were bought out. But Yahoo? Verizon just bought them for $4.8 billion.
Last year, Verizon showed its financial superiority by buying out AOL at $4.4 billion. America Online used to be one of the great monoliths of the internet, back in the days when there were about three functional internet browsers to choose from. We probably all remember that tell-tale dial up noise and, “You’ve got mail!” But as time moved on, AOL became essentially obsolete as it was replaced with bigger and better versions of its features. AOL stayed in the past, and that’s why they were bought out. But Yahoo? Verizon just bought them for $4.8 billion. These two internet giants have been reduced to just under ten billion dollars. So, what’s Verizon doing with them?