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The service was different from other online services as it used the computing power of the Commodore 64 and the Apple II rather than just a "dumb" terminal.It passed tokens back and forth and provided a fixed price service tailored for home users.On June 23, 2015, AOL was acquired by Verizon Communications for .4 billion.AOL began in 1983, as a short-lived venture called Control Video Corporation (or CVC), founded by Bill von Meister.AOL was one of the early pioneers of the Internet in the mid-1990s, and the most recognized brand on the web in the United States.
(This one is truly no work and no school.) Book recommendation of the week: I’ve got nothing. Kimsey was brought in by his West Point friend Frank Caufield, an investor in the company.On May 24, 1985, Quantum Computer Services, an online services company, was founded by Jim Kimsey from the remnants of Control Video, with Kimsey as Chief Executive Officer, and Marc Seriff as Chief Technology Officer.The technical team consisted of Marc Seriff, Tom Ralston, Ray Heinrich, Steve Trus, Ken Huntsman, Janet Hunter, Dave Brown, Craig Dykstra, Doug Coward, and Mike Ficco.In 1987, Case was promoted again to executive vice-president.