31–40 of 88 posts
"I moved my primary residence from Silicon Valley to Seattle" Hmm, that's very specific wording there. In my world, filled with tax advisors and lawyers, this translates to "I'm trying to avoid paying California state income tax on capital gains I will accrue in the near future." -- master's prediction http://news.ycombinator.net/item?id=1314487
Who keeps giving AOL money???
Don't make the mistake of underestimating the new AOL. It's a profitable media empire that is growing rapidly and knows what it wants. It made $500mm in revenue last quarter.
Here's AOL's 10-Q filing last quarter: http://ir.aol.com/phoenix.zhtml?c=147895&p=irol-SECText&...
It's hard to parse because last quarter ended the first three month stretch AOL has had as an independent company from Time Warner. It contains a ton of information about the IPO and spinoff leading up to November 2009, but if you read carefully, you'll see that AOL made $557mm in revenue last quarter, had $495mm in normal expenses, and made a net profit before tax of $62mm. Sort of. These numbers are dubious because there was a $1.4 billion charge for "unusual expenses," including a write-off from the IPO for disintegration costs and a total write-down for Bebo.com.
The real balance sheet in the 10-Q from last quarter is further obfuscated by a $182mm stock purchase of AOL by Digital Sky Technology, the Russian investment firm that bought a chunk of Facebook a while ago. A few hundred pages are devoted to that and some calculations are skewed.
Together, the things above make it look like AOL as a business is unprofitable, but I don't think that's true.
We won't know how much the company really makes until its next 10-Q filing, but I am inclined to believe the backwards projections suggesting that AOL made profits during the four quarters prior to its IPO of $34.7mm, $1.4mm, $74mm, and $90.7mm.
Who keeps giving AOL money???
The AOL you knew before November 24th, 2009 is dead. Don't make the mistake of underestimating the new AOL. It's a profitable media empire that is growing rapidly and knows what it wants. It made $500mm in revenue last quarter. Here's AOL's 10-Q filing last quarter: http://ir.aol.com/phoenix.zhtml?c=147895&p=irol-SECText&... It's hard to parse because last quarter ended the first three month stretch AOL has had as an…
Congrats to MA & crew if it's true. Regardless of whether people care for his style of writing or what TechCrunch has become (I don't mind most of it), it warms me up to see people who bust their asses get rewarded handsomely (assuming the payoff will be good.) I just hope AOL won't kill it by injecting content from random Seed.com writers, similar to the way Demand Media turned eHow and LiveStrong into content beds.…
IMO, the quality of MG Siegler's writing is barely a step up from content farms.
You can hate all day long on MA, but there is no denying that he has done a lot for the startup community.
I think this signals MA's eventual departure from TC and that, to me, signals the end of TC's dominance in startup news.
Earlier quoted context omitted.
The AOL you knew before November 24th, 2009 is dead. Don't make the mistake of underestimating the new AOL. It's a profitable media empire that is growing rapidly and knows what it wants. It made $500mm in revenue last quarter. Here's AOL's 10-Q filing last quarter: http://ir.aol.com/phoenix.zhtml?c=147895&p=irol-SECText&... It's hard to parse because last quarter ended the first three month stretch AOL has had as an…
Interesting. Got any details?
Who keeps giving AOL money???
Who keeps giving AOL money???
The AOL you knew before November 24th, 2009 is dead. Don't make the mistake of underestimating the new AOL. It's a profitable media empire that is growing rapidly and knows what it wants. It made $500mm in revenue last quarter. Here's AOL's 10-Q filing last quarter: http://ir.aol.com/phoenix.zhtml?c=147895&p=irol-SECText&... It's hard to parse because last quarter ended the first three month stretch AOL has had as an…