Really? AOL couldn’t find something to spend their money on like, oh I don’t know, upgrading something or getting into a venue that actually generates revenue? Maybe get into the ebook industry, the one that is growing, instead of splurging on a company which advertises on its website for you to help “predict the news”?
I’m all for expanding your business (really… I think this whole “capitalism” thing is going to work out eventually) but it’s almost like they want to lose money. Is AOL being audited by the IRS and needed a tax write-off?
Hmm… now that I think about it, that’s not a bad idea. Spend millions to write-off billions.
But… in the end, if we go by past events, AOL will still be standing and the Huffington Post will be a smoldering pile of ash muttering “They told me so”…