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AOL posts $45 billion net loss

yes, that's a "b"

     
10:57 pm on Jan 29, 2003 (gmt 0)

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AOL REPORTED A fourth-quarter net loss of $44.9 billion, or $10.04 a share, after taking the non-cash charge to write down the value of its embattled America Online business and other assets, compared to a year-ago loss of $1.8 billion, or 41 cents a share.

AND

The full-year loss exceeded the gross domestic product of Egypt in 2001.

Ted Turner to step down...

http://www.msnbc.com/news/866051.asp?0cv=CB10 [msnbc.com]

11:01 pm on Jan 29, 2003 (gmt 0)

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"That's one for the books"

[biz.yahoo.com...]

11:05 pm on Jan 29, 2003 (gmt 0)

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...the biggest annual loss any company has ever recorded...
11:07 pm on Jan 29, 2003 (gmt 0)

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So, no more free coffee mug coasters with the magazines? :(
11:09 pm on Jan 29, 2003 (gmt 0)

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Wow, that is a respectable loss!

It was all those darn CD's that they sent out via snail mail.

11:09 pm on Jan 29, 2003 (gmt 0)

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...and yet they still have enough money to pay postage for all the free coasters I keep getting:)

(Looks like three of us posted at the same time!)

11:56 pm on Jan 29, 2003 (gmt 0)

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Well c'mon folks...help 'em out!

Send them back!

:)

12:01 am on Jan 30, 2003 (gmt 0)

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Only if they pay the return postage
3:00 am on Jan 30, 2003 (gmt 0)

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$44.9 Billion dollars! That's also probably the disposal fees America off line had to pay to get rid of the parade of AOL discs showing up with their junk mail. AOL discs are probably the biggest trashing of America since the invention of snap rings.
3:06 am on Jan 30, 2003 (gmt 0)

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...but they got Time for more Warners. ;)
4:38 am on Jan 30, 2003 (gmt 0)

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All those coasters got them a decline in subscibers. What a waste!

AOL's problems went beyond weakness in advertising and e-commerce, with its subscriber base slipping to 35.2 million from 35.3 million in the third quarter of 2002.

Cnet Coverage [news.com.com]

5:07 am on Jan 30, 2003 (gmt 0)

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Anyone know where those 100K subscribers went to? MSN?

And does anyone know how many subscribers MSN has?

7:53 pm on Jan 30, 2003 (gmt 0)

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Hahaha guess what I just got in today's mail? Both an MSN 8 disc and an AOL 8 disc. The MSN disc came in a nice plastic mailer. You can easily remove the disc, the msn cover and the mailing label, trash these, and have a mailer left over for future use. Now AOL has got really fancy now that they're making headlines. They sent the disc in a really nice metal mailer. Since they printed their ads and your mailing address on this mailer, you'll just have to dispose of the contents and hit the mailer with your left over spray can to have a nice, really heavy duty, mailer for future use.