Jul 20th, 2009

Last week marked the first 100 days since [Tim] Armstrong left Google to take over as CEO of AOL. He’s spent most of that time trying “to figure out what the company does today, what it is strong at, and what it is not strong at.” After digesting all of that information, he is now zeroing in on five areas where he thinks AOL can excel at (and social networking is not one of them, thankfully).

AOL was built around the bold assumption that internet users would be happy staying within a ‘premium’, walled-garden of content and services. That business model failed 15 years ago, but AOL has been chronically slow to adapt. It’s nice to see a new CEO who recognizes the need for new business models that are (finally) in line with current trends.

via WordPress at 1:30 AM