AOL held talks to buy YouTube, Facebook in 2006, ex-CEO reveals
Former AOL CEO Jon Miller revealed to CNBC that he held talks to acquire both YouTube and Facebook in 2006 but never got support from the Time Warner board to close the dealsRead full story
Old media CEOs and Board members lack vision so none of this is suprising. Now they are all playing catch up to Netflix today, whereas a decade ago we in the Analyst community were telling them to buy Netflix or create a competitor.
Talk about missed the boat. Should have paid whatever it took to get either done. And hence AOL and YHOO are dead.
We should count ourselves lucky that they didn't. They would have run it into the ground.
I could’ve been a millionaire at 18 if the first lottery ticket I bought had been a winner.
Now the question would be to Chad/Steven, is if they would’ve sold YouTube to AOL if offered the same money Google offered? I mean Zuck wasn’t going to sell to anyone anyway no matter the money.
Counter-intuitively given the track record that these companies have had in destroying value at the economic model level as well as fundamental shareholder value, it is a fortunate thing that they never engaged. It would have destroyed a mega trend and a social phenomenon, unbelievable looking back at the company that brought us "You've got mail" and missed the value creation as the front runner of Hotmail, Gmail and now Outlook online. One of the saddest woulda coulda shoulda stories in the tech universe of our generation.
LOL and AOL should be like copy and Xerox or search and Google 🤣
Can you imagine where AOL would be today if they did these investments? One might think they'd face antitrust challenges like Facebook is today.
Look let's just make sure everyone is aware this... Every major internet company, at some point, has talks to acquire every other growing internet company. I don't see how this is headline news.
Imagine the world with Facebook and YouTube by AOL. Ideas? Actually it is possible and even likely both would have vanished to the sidenotes of internet history.
As Beverley Knight wisely put it “shoulda woulda coulda.”
AOL would have ended up killing YouTube and Facebook.
Look at how Yahoo killed off Flickr and Tumblr.
Probably for the best considering how badly AOL was ran.
Wow... Is all that can be said
AOL held talks to buy YouTube, Facebook in 2006
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