AOL was originally founded in 1983 as Control Video Corporation. The company has changed names several times over the years including being called Quantum Computer Services in 1985, America Online in 1991, and now AOL, Inc. as of 2009.
It was in 1991 that AOL became incredibly popular as one of the biggest dial-up internet service providers in the U.S. Free AOL software could be found in almost every store in the country along with discs also being mailed to households on a massive scale.
However, when broadband began to take over in place of dial-up around 2003, AOL suffered tremendous losses by not keeping up with technology. The company lost millions of customers and laid off thousands of employees.
Today, the company works as a multi-media news provider offering shopping, search engine services, news, and email.
AOL was purchased by Verizon in June of 2015 for $4.4 billion.