Posted: Dec 10, 2009 9:53 AM by John Pastorek
Updated: Dec 10, 2009 10:27 AM
Source: Associated Press
Shares of AOL dipped in early trading Thursday as the Internet company split from media giant Time Warner.
AOL shares were issued at almost $24, but fell 67 cents in morning trading.
Shares of Time Warner climbed more than one dollar to $30.34.
AOL wants to boost the advertising money it makes with its Web sites, but the company hasn't convinced investors that its turnaround strategy will pay off.