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AOL confirm as being notorious for making bad bets.

• code_duck 17y ago
  I really can't believe how often these giant corporations throw hundreds of millions of dollars at companies they then shelve or sell at a loss just a few years later.
  • steveplace 17y ago
    There's some accounting voodoo with capex that brings incentives into the whole process.
    • tullius 17y ago
      No they are just clueless, Bebo was purchased for cash.
      • steveplace 17y ago
        Perhaps I'll rephrase: they use the accounting voodoo as an excuse to buy stuff they have no business acquiring, as their MBA textbooks told them about capex and operational leverage.