After Aol bought time warner and the dotcom crash happened, time warner basically cut the team down to the bone. There were a handful of people working on it when I was at aol. Their big monetization play was selling enterprise AIM to a few brokerages on wall street.

AIM could have been facebook, it could have been slack, or skype. The management was just incredibly short sighted and couldn't figure out how to make money from it.