AOL has put Sean Combs very publicly in the middle of its directors and managers. A company banking on formulaic, mass-produced content could do worse than the rap mogul, who wished AOL shares luck. They promptly slid.
Combs, aka Diddy, aka Puffy, was inexplicably put forward by AOL as a company icon in the midst of its stock market re-debut, as evidenced in Kara Swisher's video for All Things D, excerpted above. The producer and entrepreneur does have a presence on AOL Music, so maybe that's why he was posing with AOL execs last night at a party on the New York Stock Exchange, the beating heart of Wall Street. "2010 is going to be an AOL year," Combs told the financey crowd. "Good luck tomorrow," the first day of trading following AOL's spinoff from Time Warner.
Shares of AOL closed down half a percent. Hopefully Combs can share more helpful words with the content-obsessed internet conglomerate on the art of creating profitable crowd pleasers in a notoriously crowded genre. Are the blog game and rap game really so different?