AOL nets nearly $100 billion in losses
Poster: Aron Schatz
Posted on January 30, 2003 at 7:54:05 PM
And in other news, they are losing Ted Turner. What a shame, and $100 billion is a huge loss.
Quote
The announcement came just shortly after the company reported a net loss of $98.7 billion for 2002. Those results included a $45.5 billion fourth-quarter charge related primarily to depreciation in the value of its America Online unit, as well as a first-quarter charge of $54 billion in accordance with accounting rules changes that took effect last year.