Posts tagged with 'proxy fight'
AOL's shares may be up significantly in the past several months, but the company's future is far from certain.
Under CEO Tim Armstrong's reign, the company has invested heavily in content. Last year, it purchased The Huffington Post for $315m and the year prior, it paid eight figures for popular tech blog TechCrunch. The company's tab for its homegrown Patch reportedly stands at more than $150m, with profitability nowhere in sight.