Wednesday June 19, 2019

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AOL CEO #TimArmstrong Helps Comapny Grow

Image representing Tim Armstrong as depicted i...

Image by AOL via CrunchBase

After losing its CTO, Tech Crunch Editor Erick Schonfeld, and others, AOL has experienced turmoil, but Cnet says that they are back on the rise under the guidance of CEO Tim Armstrong.  In the last year, shares of AOL have risen 112 percent from $17.67 to $37.48. The traffic on their news outlet, The Huffington Post, has increased traffic to 45.3 million unique visitors in February 2013.

Also, AOL has seen an increase in income and revenue in the last year from $22.8 million profit and $573.7 in revenue in Q4 2011 to $35.7 million and $599.5 million respectively in Q4 2012.