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Episode 44: AOL - Time Warner (with the Internet History Podcast)
Acquired
I'm Going to Sit This One Out, Right?
I was thinking more from the limited partner perspective. But what you said is exactly it, is that when they are taking garbage public, eventually everything is garbage. Enough people have gotten rich and fat enough that they're like, you know what, I'm going to sit these out. It's also a combination of people realizing that the returns on online advertising were not good. The click-through rates are plummeting. And so, that in my personal theory is that that was it.
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