At its peak, AOL had a market capitalization of more than $200 billion, dominating email, internet connectivity, online news and chat. But AOL couldn’t maintain its superior position as subscription and advertising revenue dried up with the shift from dial-up modems to cable broadband. A disastrous merger with Time Warner in 2000 was unwound in 2009. Along the way, AOL tried but failed to buy Facebook, YouTube and a minority stake in Chinese internet company Tencent. Eventually, AOL sold to Verizon in 2015 for just $4.4 billion.
The video includes exclusive interviews with former AOL CEOs Jon Miller and Tim Armstrong and former Time Warner CEO Jeff Bewkes.