Select Page

TheStreet: CEO Tim Armstrong’s vision of the new, new AOL may finally be taking shape. After shares of the New York-based company plummeted three months ago when Armstrong declared 2015 to be an “investment year,” the stock has rebounded as sales from its automated advertising platform boosted first-quarter revenue and profits that handily beat analyst forecasts. “The market, our products and our results are lining up,” Armstrong said. “This quarter a fog is lifted off of AOL because you can really clearly see that the investments that we’ve made in programmatic and in video are really paying off.”