AOL LLC (formerly America Online, Inc) is an American-based online service provider, bulletin board system, and media company operated by Time Warner. Based in Dulles, Virginia, with regional branches around the world, it is by far the most successful proprietary online service, with more than 32 million subscribers at one point in the U.S., Canada, Germany, France, the United Kingdom, Latin America (declared bankrupt in 2004), Japan, and formerly Russia and Hong Kong. In the fall of 2004, AOL reported total subscribers had dropped to 24 million, a drop of over a quarter of its subscribers.*
In 2006, PC World declared AOL the worst tech product of all time. *
For many Americans through the mid-to-late-1990s, AOL was the Internet, but the rise of high-speed Internet access from cable and telephone companies as well as the increasing sophistication of the public in handling browsers and other Internet utilities has cut into its user base. In 2000 AOL and Time Warner announced plans to merge, and the deal was approved by the Federal Trade Commission on January 11 2001. This merger was primarily a product of the Internet mania of the late-1990s, known as the Internet bubble. The subsequent massive decline in value of stocks such as AOL resulted in much recrimination over the merger.
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