Verizon recently announced its plan to sell Yahoo and America Online (AOL) to a private equity group for $5 billion. Some find the news quaint, even humorous as Yahoo and AOL used to be synonymous with being “Big Tech” in the early days of the internet. Who we really ought to be laughing at are the modern day antitrust hysterics who seek to do everything from banning firms like Verizon from acquiring such properties to breaking-up today’s equivalents of Yahoo and AOL.
Many of us clearly remember that Yahoo and AOL were the titans of their time. In fact, in 1998, Fortune magazine published an article, “How Yahoo! Won The Search Wars.” The article even proclaimed that "some say it’s the next America Online."
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