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Jon Erlichman, anchor and financial journalist at Bloomberg TV, remarks that AOL was founded on this day in 1985. The company was once valued higher than the combined worth of Nvidia, Apple, Amazon, Starbucks, Adobe, Costco, Disney, and McDonald’s.
Erlichman has previously highlighted historic valuations of major technology firms. In 2008, he noted that BlackBerry was worth more than Nvidia, Amazon, Netflix, AMD, and Costco combined. He has also calculated that a $10,000 IPO investment in leading U.S. companies like Walmart and Coca-Cola would now be valued in the millions. These figures show the shifting fortunes of major players in tech and consumer markets.