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lorecore 3 hours ago

This was during the dotcom bubble and AOL/Time Warner need to optically look like they were doing something relevant with the internet to justify their valuation. It was pure messaging, with a bit of killing a threat on the side.

ConceptJunkie 2 hours ago | parent [-]

Their whole business model at the time seemed to be "making dubious acquisitions".

giantrobot an hour ago | parent [-]

They lost money on every transaction but intended to make it up with volume.