By the end of next year, Case expects AOL to become the online industry’s first billion-dollar company.
Predictor: Case, Steve
Prediction, in context:In a 1995 article in Wired magazine, writer Mark Nollinger interviews AOL’s Steve Case, who predicts his company’s success: ”Net fanatics may hate AOL for unleashing millions of untrained newbies who have spammed newsgroups and clogged servers from one end of cyberspace to the other. (Check out alt.aol-sucks for a taste of the venom.) But turning America on to the joys of cyberspace pays. With the average user now spending $17 a month, AOL’s revenues have zoomed from $40 million in 1993 to an estimated $375 million in 1995. By the end of next year, Case expects AOL to become the online industry’s first billion-dollar company.”
Biography:Steve Case was founder and CEO of America Online, now merged with Time Warner. AOL developed into the country’s largest commercial Internet service provider, reaching a vast Internet community. The proliferation of AOL’s services helped define developing trends in Internet communication. (Entrepreneur/Business Leader.)
Date of prediction: September 1, 1995
Topic of prediction: Economic structures
Subtopic: E-commerce
Name of publication: Wired
Title, headline, chapter name: America, Online! America Online Has Been on a Rocket Ride, Now it Would Like to Morph Into an ‘Interactive Service Company’ Before Microsoft and the Web Eat its Lunch
Quote Type: Paraphrase
Page number or URL of document at time of study:
http://www.wired.com/wired/archive/3.09/aol_pr.html
This data was logged into the Elon/Pew Predictions Database by: Stotler, Larry