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AOL to be sold to Bending Spoons for $1.5B

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Re: AOL to be sold to Bending Spoons for $1.5B

#81
post #63

Earlier quoted context omitted.

> I'm still using an email that is one of the AOL domains ProTip: Honestly, just buy your own domain, control your own email address(es)...

> > mostly for accessing legacy sites that were around at that time.

So change the email address on those accounts?

Re: AOL to be sold to Bending Spoons for $1.5B

#82

Earlier quoted context omitted.

"Unexamined legacy subscriptions paid without a thought," is another way of saying, "Has too much money." If this is a widespread Boomer phenomenon, it explains a lot. I still kick myself for spending 6x MVNO pricing on my cell phone plan with a legacy carrier whose features I didn't need.

> I still kick myself for spending 6x MVNO pricing on my cell phone plan with a legacy carrier whose features I didn't need. I have a friend who tried to switch to a MVNO (Cricket, I think) to save money and immediately switched back. Even though both companies were on the same network, the MVNO customers must have had a lower priority, because their service level was noticeably worse when literally the only thing th…

I switched from T-Mobile to Google Voice a few years ago for this reason. With 5 lines on the plan the T-Mo version was way too expensive. But then Google Voice raised their prices and T-Mobile offered as much better multi-line discount and I ended up switching back. Also, Google Voice tech support is absolute dogshit.

Re: AOL to be sold to Bending Spoons for $1.5B

#83

Can someone enlighten me on the economics of such a deal? From what I know about acquisitions, valuations are in the range of 10-12 times annual EBITDA (or perhaps even profits). This would mean that AOL is making 150 million a year. Is that correct?

From the first sentence of the half-page article: "AOL still drives hundreds of millions of dollars of free cash flow"

Re: AOL to be sold to Bending Spoons for $1.5B

#84

Verizon handed their email service over to AOL some years ago. I wonder if this will be the end for my unused @verizon.com account.

Somehow, my very first email, Hotmail (which was the only option when I got it really) is the only one from the 90s that is still kicking.

Re: AOL to be sold to Bending Spoons for $1.5B

#85

Earlier quoted context omitted.

We'll probably be saying the same about a lot of AI companies as well....

at the end of the last tech bubble, Herman Miller chairs were available for cheap. wonder what the score from the ashes will come this round?

Lots and lots of powerful GPUs I would imagine.

Re: AOL to be sold to Bending Spoons for $1.5B

#87

Earlier quoted context omitted.

It sounds like Bending Spoons is where old tech products go to die? I guess that's private equity for you.

Understandably people don't like Bending Spoons - they fired the whole dev team on Evernote, and the price has gone way up too.. but as a user I have to say Evernote the product has gotten better and better since the acquisition. They've improved performance and have great new features every month.

The fact that Evernote even still exists suggest Bending Spoons has done something right

Re: AOL to be sold to Bending Spoons for $1.5B

#88

Earlier quoted context omitted.

> I'm still using an email that is one of the AOL domains ProTip: Honestly, just buy your own domain, control your own email address(es)...

Wow way to miss the point

My domain registration is just over 25 years old... I guess I'm also "legacy"?

I don't think I'm missing any point, thanks.

Re: AOL to be sold to Bending Spoons for $1.5B

#90
> That "incredibly loyal user base," as he called it, could be better served with greater investments in AOL's product and user experience, he noted.

I think there's something kind of astute here, which is that anyone who is still using AOL products at this point is someone who is very resistant to changing "email and web content properties" providers, and is likely willing to passively tolerate additional enshittification and monetization

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