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AOL shares have been under serious selling pressure for weeks now, thanks in part to a weaker-than-expected Q2 financial report that added to the Street?s growing concerns about whether the company?s turnaround strategy is actually going to work. The stock, which as recently as early July was north of $20, lately has been struggling to ...

AOL had a record decline in New York trading after reducing its annual earnings forecast, raising concerns that the company may not be able to turn itself around following the 2009 spinoff from Time Warner. AOL fell $3.88, or 26 percent, to close at $11.19 in New York Stock Exchange trading, the biggest drop and the lowest level since the spinoff. Earlier, the slump prompted a so-called circuit breaker that temporarily halted trading.

Tim Armstrong, the chief executive of AOL, says he has not lost faith that his overhaul will reverse its decline.

Our parent company AOL has just released its quarterly earnings for Q1 2011, and it’s a mixed bag (again). Revenue came in at $551.4 million, which is better than most analysts had anticipated – the company was expected to earn $0.17 per share on revenues of $536.35 million. Actual earnings came in at $0.04 per share, down 86 percent.

The understanding was Arianna provided the platform, I provided the content, and the hope was (on my part anyway) that at some point the combination of the two would land me a paying gig, or up my profile (or in the case of people I know, up their consulting fees and/or land them publishing deals) etc.

A freelance writer who successfully sued newspapers and magazines for copyright infringement will file a class-action lawsuit against the Huffington Post and AOL on Tuesday that seeks compensation for hundreds of unpaid contributors to the online publication.

Slowly but steadily, Microsoft Bing has become a potent threat to Google in the search market. Over the last few months, Microsoft’s aggressive strategy with Bing has started to yield market share gains over competitors Google, Yahoo and AOL in the U.S. search market. Bing’s market share, which was around 11% in September 2010, is now close to 14% as of February 2011.

Twitter Co-Founder Biz Stone will become a "social impact" strategic adviser for AOL, as part of its broader integration with online news site the Huffington Post. He will stay at Twitter.

AOL will slash its workforce 20%, according to a person familiar with the matter, eliminating 950 jobs in the U.S. and India as it struggles to resurrect its business.

The discussions with Michael Wolff's Newser are said to have faltered after the Huffington Post-AOL deal raised questions about the acquisition price.