AOL announced today that it plans to shed one-third of its workforce, or 2,300 jobs, as it prepares to be spun off by its parent company, Time Warner. The most ironic part? The man most responsible for uniting AOL and Time Warner in what has since turned out to be the most ill-advised merger in history, is the happiest he's been in years. Steve Case, AOL's co-founder, just sold his Paypal also-ran, Revolution Money, yesterday to American Express for $300 million. [Bloomberg, NYT]
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