Aol | featured news

AOL won't officially become an independently traded company again until December 10 when CEO Tim Armstrong is scheduled to ring the bell on the floor of the New York Stock Exchange.

In this edition of the Weekly Wrapup - our newsletter summarizing the top stories of the week - we analyze a list of the most influential websites in the world, look back on the past decade of e-commerce, suggest a list of products that Twitter might like to acquire, review a collection of Thanksgiving web apps, and more.

About 2,500 jobs will be lost after AOL is spun off from Time Warner next month.

Time Warner unveiled plans Thursday to spin off AOL as an independent company, an end to the massive media media marriage formed in 2001.

Shortly before taking over as head of AOL in April, Tim Armstrong ripped out some office doors.

AOL is adding a twist to old-fashioned political journalism with the launch of its new political news and blog site, PoliticsDaily.com. The site, which will primarily focus on in-depth political commentary as opposed to breaking news, will only provide original content, from long-form analysis to blog posts on issues in the U.S. political landscape.

Former AOL CEO Jon Miller is close to taking a new role overseeing digital strategy at News Corp.

AOL is backing out of mainland China – again. Other than a PR rep or two, the company fired all 100 or so of its employees in its Beijing office, according Chinese portal Netease.com. The Wall Street Journal says the AOL China site hasn't been updated since Tuesday. The cuts are a part of AOL's plan to slash 10% of its workforce worldwide.