AOL spooks investors on turnround plans as shares fall 20%

aol-logoAOL shares tumbled more than 20 per cent after the internet company missed first-quarter earnings expectations, spooking investors on its long-term turnround plans.

New York-based AOL is in the midst of a years-long transformation from its roots as a subscription-based service for connecting to the internet into an ad-supported digital media company.

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