According to ReCode, 2.36 million Americans, who had signed up for AOL a decade ago, are still paying for their subscription even if "they likely aren’t getting Internet access from AOL anymore."
Tim Armstrong’s company says its subscription business generated $143 million in “Adjusted OIBDA” – its proxy for operating income — last quarter. That’s more than the $121 million in Adjusted OIBDA that the entire company generated.
Here’s how it makes that money: Getting a shrinking number of subscribers — 2.34 million this quarter, down from 3.62 million at the beginning of 2011 — to pay an increasing amount — the average AOL subscriber now pays $20.86 per month, up from around $18 a few years ago.
|Under Paul Ryan's Plan, Mitt Romney Would Pay 0.82 Percent in Taxes|
|Bank crisis lessons 'not learned'|
|Study: Giving Money to the Homeless is the Best Way to Help Them Off the Street|
|“Is Bitcoin Really Money?”|
|The Asshole Effect|
|“A machine meant to hurl rockets into space.”|
|Fake Name Generator|
|“Are the puppets coming for our jobs?”|
|“Research that could engineer dinosaurs back into existence within the next five to 10 years.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|How to Avoid Jury Duty|
|What Computers See When They Watch a Movie|
|“The only thing worse than assuming that carbon removal will save the day is assuming it will save the day.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|The (Very Scary) People of Public Transit|
|Chinese warehouse organises, packs, and fulfills 200,000 orders a day with four people|
|David Reeves' Paper Cutouts Inspired by Classic Cult Movies|