AOL has sold the instant messaging company ICQ to Russian investment company DST (Digital Sky Technologies) for $187.5 million. AOL had acquired the Israeli startup in June 1998 for $407 million. The sale is apparently part of AOL’s new CEO Tim Armstrong’s decision to sell all internet holdings that are not in line with the company’s strategy. AOL, the internet company spun off from Time Warner, has reported a decline of 58 per cent in its net income at $34.7 million for the first quarter ended March 31, 2010, as compared to $82.7 million for the first quarter of 2009. Revenues fell by 23 per cent from $864.0 million in the first quarter of 2009 to $664.3 million in the first quarter of 2010. According to AOL, its first-quarter profit dropped on declining advertising sales.
Must Read
The Growth of OTT: Blip in the Radar Or a Real Threat to Traditional TV?
People are attached to their smartphones way more than they're to any other gadget. In fact, the average person...
Are You A Gaming Geek: ‘Five Commandments’ Before You Buy Video Games Online !
Does your day start with joysticks instead of coffee mugs? Or as a kid your best friends were the...
Top Softwares for Business in 2021 That Every Startup Entrepreneur Must Use
In the conditions of the global pandemic and economic crisis, small and medium-sized businesses face different problems and do...
Latest News
Planning To Buy MacBook Air Or MacBook Pro? It’s Worth Postponing The Decision
When it comes to Mac models, Apple has much bigger plans according to Bloomberg's Mark Gurman's latest edition of...
In-Depth: Dprime
Will ‘TikTok By Microsoft’ Be A Winner?
For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded and unparalleled...
Facebook Subscription Model: Looking Beyond Ad Dollars?
Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter, with a...
Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?
It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one of the...
More Articles Like This
Why Is Facebook Deleting Billions of Records After Feasting For Years!
Brief
Aarzu Khan - 0
Facebook is all set to make a move that explains how desperate the social media giant is to 'refine' and 'define' its new identity.
Last...
Facebook Ups The Ante Against Data Scrappers: Files Lawsuit For Harvesting Users’ Information
Brief
Aarzu Khan - 0
If your business has got anything to do with scrapping data from various websites, it's time for you to revisit your strategy. Internet giants,...
Wondering How Few Facebook Users Continue To Post Content That Violates Guidelines? The Dirty Secret!
Is Facebook not treating everyone equally? Is Facebook biased towards high-profile users? Well, the reports say so!
Facebook Inc. (NASDAQ: FB) is the world's largest...
Facebook India Removed 33.3 Million Harmful Content: The Never-Ending Battle [REPORT]
Today, the world's largest social media platforms, Facebook and Instagram, are places where people can express themselves. And, in order to provide a safe...
Happy Birthday Sheryl Sandberg: Thanks For Making Facebook So Awesome!
For the woman who has built the task force and established teams of two billion-dollar companies, Google Inc. (NASDAQ:GOOGL) and Facebook Inc. (NASDAQ:FB), being...
Facebook Wants To Redefine Online Meetings With Workrooms, And It’s Mind-Boggling
Brief
Aarzu Khan - 0
Technology knows no bounds, and neither do its users. Perhaps, that's why Facebook has introduced Horizon Workrooms for those who don't think Zoom meetings are a...