28 July 2009

Google's choices not bullet proof

Image representing AOL as depicted in CrunchBaseImage via CrunchBase

We tend to think of Google as bulletproof and everything they touch turns to gold.

They have made some HIDEOUS decisions in the past, and none greater than the one biting their ass today - the offloading of their 5% stake in AOL which was originally purchased for a cool $1 billion.

We were all giddy at AOL when the transaction happened, both for the fact that we worked for a company worth $20 billion (5% x 20 = 100% for those having maths difficulties) and the fact that we MAY have an "in" to getting work at Google.

Neither really happened.

Today, Business Insider are reporting that Google has called time on the horrible experiment that is investment in AOL and sold their share for $283 million.

I wonder what Google's other stunning investments - Orkut, Jaiku, etc. - will have to do to get similar treatment.
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