‘AOL’s tanks by 11% after revealing its new five-year plan’ – Business Insider
Lara O’Reilly says, “AOL’s stock is down 11% after the company’s senior management team gave its outlook for 2015 during its Q4 earnings call.
In short, the company described 2015 as an “investment year” and said that there may be “disruption” in the first two quarters of the year as it recovers from a major restructure that has seen the company lay off scores of its ad sales staff as it refocuses the business around programmatic advertising and its most popular content brands, like the Huffington Post and TechCrunch.
But the drop in AOL’s stock may not just be short-termist shareholders reacting: Tim Armstrong, AOL CEO and chairman also laid out his five-year strategy for the company”.
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