Market cap at the end of AOL’s first solo (again) day: $2.55B
AOL began trading as its own public company again after its long-planned spin-off from Time Warner was finally made official. The separation occurred almost 10 years after the merger of the two companies was announced to great fanfare with the promise of a synergistic combination of old and new media.
But the merger between AOL and Time Warner will likely remain a prominent part of both companies’ legacies, rather than becoming a historical footnote. After all, more than $100 billion in shareholder value was wiped out.