Wednesday's news marks a new chapter for AOL, which was once one of the most recognized brands on the internet, known for its email service and "You've Got Mail" notification.
The idea here is to rebrand and modernize AOL as a gmail and cyber security alternative with decoupled infrastructure from US dependencies: A highly political topic in the EU currently.
Buy a company which already has a vast historical user base and a well known brand for fuckall because it’s dieing, then make it good again and sell it off for more than fuckall.
Can someone plausibly explain the Bending Spoons business model?
Big chunk of debt financing for decrepit brands with old tech. Other than strip-mining user data, I can’t figure it out.
The idea here is to rebrand and modernize AOL as a gmail and cyber security alternative with decoupled infrastructure from US dependencies: A highly political topic in the EU currently.
Buy a company which already has a vast historical user base and a well known brand for fuckall because it’s dieing, then make it good again and sell it off for more than fuckall.
They, as far as I’m aware, are not reselling like private equity would. They actually take over operations and get ROI through profits.