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- More Than Two Million People Still Pay AOL for Internet Access
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Monday, August 11, 2014
Humans of a certain age will remember the brief period when accessing the internet meant shelling out a monthly fee to AOL. For most of us, this gave way to better business models well over a decade ago. But as Recode points out today, 2.3 million souls never got the memo. Not only that; their rates have somehow gone up.
AOL's earnings report was largely boring unless you're an AOL investor, which I certainly hope you're not. But every quarter the company reports its remaining subscription service suckers, a delightful yet depressing nugget of intel. AOL took home $143 million of operating income from that division—more than the rest of the company combined did—meaning those unfortunates pay out, on average, $20.86 per month for a service that's at best redundant and at worst utterly useless. That's up over a dollar from a few years ago.