AOL shares fall after Time Warner spinoff

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Some 10 years after its acquisition by Time Warner, AOL is independent again.

Shares in the company started trading yesterday, sliding as much as 3.5 per cent by the end of the day.

AOL chairman and chief executive Tim Armstrong rang in the day of trading on the New York Stock Exchange.

“As we look to the future on this important day for AOL, our company is focused on building the highest quality content for consumers and the best products and services for our advertising and publishing partners,” he said in a statement.

“AOL has leading offerings in content, advertising and communications, employees who are hard at work building the products and services that capture the promise of digital media and a highly focused management team with deep internet experience," he added.

"We have a clear strategy, a focused mission and a firm commitment to delivering value to our shareholders, consumers and partners.”

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