AOL Gets Its Independence Again

AOL Stock Set to Begin Trading on Thursday after Spinoff from Time Warner

Summary: AOL got its independence back following a spinoff from mother company Time Warner Inc. Company executives said that they can now begin trading stocks again at the New York Stock Exchange, saying that they would boost website creation that will be backed up by massive advertising revenue.

Internet giant America Online (AOL) said that it will officially begin trading stocks on Thursday after gaining its independence from Time Warner Inc.

AOL Chief Executive Officer Tim Armstrong said that becoming an independent once again would allow the company to open up new trading at the New York Stock Exchange, saying that he is now ready to ring the opening bell on Thursday.

In 2002, AOL has gained its peak and was considered as the top dial-up Internet access provider in the US. However, recent turn of events and technological advancements has led to the silent downgrading of the company with only one-fifth of the subscribers remained to the company.

Armstrong said that he will restore the company’s fading profitability with a variety of websites that will be supported by massive advertising revenue from the online community.

AOL also plans to create as many websites as it can make, adding that the articles will be produced by freelancers. The company hopes that the inexpensive cost of producing articles and contents will help build up the websites’ traffic.Armstrong revealed that they have acquired the services of New York Times reporter Saul Hansell to oversee the actual content generation of the websites.

AOL Gets Its Independence Again

AOL Stock Set to Begin Trading on Thursday after Spinoff from Time Warner

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