Thursday, July 23, 2009

Armstrong and Truveo

Just saw this in the NY Times. It seems the new AOL CEO likes Truveo but was convinced that it's not a core business. Strange.

Eventually, the assembled employees voted on their top five ideas. Separately, Mr. Armstrong wrote his top five on a blackboard, turning it so the audience could see it only after the vote. The only difference: Mr. Armstrong wanted to include AOL’s Truveo video search company in the top priorities. But he deferred to the group and assigned Truveo instead to a new unit called AOL Ventures, where he is putting noncore businesses, like the Bebo social network, that might eventually be sold.
I wonder if anyone from Truveo was in the room...