How did AOL miss out on the social media boom?
Seems to me 15 years ago, AOL was it. Even still I think that what they did then created what social media networks are today in many respects. They had instant messaging, chat rooms, and profiles to name a few things.
Furthermore the energy behind AOL, was different. Everything was new then. Facebook is great, but it still feels like old news.
AOL had funding, and surely the right talent to stay on top of the social media stage.
How did they fall asleep?
Can they regain a piece of the social networking pie?
This question is in the General Section. Responses must be helpful and on-topic.