• more about

    #google

    Google Search Box Suggestions Allow Us to Peer into the Internet's Dark, Disturbing Id

    Why News Corp. Keeps Threatening to Leave Google

    Katie Couric Reveals Who Really Controls the Media

    read more: #earnings, #google, #aol, #valleywag

    Google's billion-dollar AOL bet takes a dive

    In a statement filed with the SEC late today, Google stated that its 2005 purchase of 5 percent of AOL "may be impaired." Analyst guesstimates of AOL's value peg it at about $10 million, or half the value at which Google bought in. It's a blow to Google, but not a big one — a couple hundred million in paper value lost, to a company that takes in more then ten billion a year. The investment still met its primary goal: Cockblocking Microsoft. [AP] (Photo by AP/Paul Sakuma)


    Contact information for this author is not available.