Armstrong considered Huffington “a critical element to HuffPost . . . and her name is a key [intellectual property] asset,” he wrote at the time. But his memo to the board also, in retrospect, reveals that Huffington had overshot in the performance projections that she presented to AOL. In 2010, the site generated nearly $31 million in revenue but made a profit of less than $1 million. In 2011, Huffington expected to double revenues, to $60 million, and profit was expected to balloon to $10 million–no doubt helping to justify the purchase price, which was still more than 30 times Huffington Post’s projected profits. Armstrong seemed convinced by Huffington’s prediction that her business would explode in the coming years. She projected the company’s revenue and profit would surge to $115 million and $36 million, respectively, in 2012, and increase to $203 million and $73 million, respectively, in 2015.
That did not happen…
Man, I really wish I saved the pages where I comment. Just a while ago someone overeducated dweeb was going on about how the Guardian and the HuffPo were the future of journalism, both because they weren’t icky right-wing talk radio, and they had the audacity to be capitalist at the same time by making TONS of money…
Huffington is the PERFECT Hillary Clinton “feminist” clone. She made her money the old fashioned way … by TAKING it … from a man. Then, from many men. Just like Hillary did … not to mention how John F. Kerry did …
As IF anyone believed she knew how to run a business … that didn’t involve silk sheets.
” In 2010, the site generated nearly $31 million in revenue but made a profit of less than $1 million”
Well of course. Wh0res have a wonderful time blowing money. So will any “lawyer” go after her under RICO?? It was said ten years ago that the HuffPost was a high paid place for pimps.
“She served as the head of the Cambridge Union, the famed debating society, and graduated with a master’s degree in economics.”
Seems a Cambridge Masters degree in economics isn’t worth spit, or she faked it.
They all teach Keynesian Theory and have been for, well since post-WWII.
I’ll bet she never ever even heard the name Adam Smith…
The media has been hammering Trump on his Howard Stern show comments about the Iraq war. The Media is blatantly dishonest or butt Stupid.. Howard Stern in an NYC “Shock Jock” who considers foreign affairs Sexual encounters. His show is all shtick… BS.. If Trump was a VIP guest of Howard, the dialog would not be serious…Raw sexual Comedy intermixed with a giggling Robin Quivers….NOT REAL FOLKS
https://en.wikipedia.org/wiki/The_Howard_Stern_Show
Or Friedrich Hayek.
Not to mention that the site itself was actually designed, as a favor to a personal friend, by the late, great Andrew Breitbart. (Surely he came to regret it.) All Huffington has ever done is put on the label and take the money.