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February 09, 2011

Did Arianna Huffington Just Short-Sell Her Stock in Obama?

Via Instapudit. Roger Simon indulges in some Zsazsaology...

Arianna has read the tea leaves. Progressivism, which was riding the crest of popularity on the election of Obama, is over. It is no longer good for business. And just as the stock market is said to be a leading indicator on business cycles, I submit Arianna’s track record has shown her to be a leading indicator on the zeitgeist. She knows when to get out. Obama, and by extension progressivism, is fini.

Well, maybe. But there's a simpler explanation: She wants money and attention and this was a good opportunity to get both.

How will that deal work out for AOL? Well, the early reports say: Not too good. AOL spent $315 million (hidden surprising news: AOL still had $315 million) on Arianna Huffington's vanity project.

Over the past five days, AOL has declined in stock-based value by almost exactly $315 million.

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posted by Ace at 04:27 PM

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