AOL on Friday stopped development of the Netscape browser, saying the respected brand that launched the commercial Internet in 1994 had little chance of ever regaining market share against Internet Explorer.
"While internal groups within AOL have invested a great deal of time and energy in attempting to revive Netscape Navigator, these efforts have not been successful in gaining market share from Microsoft's Internet Explorer," said Tom Drapeau, director of development.
While once commanding 90% of the browser market, Netscape Navigator now accounts for less than 1%, and AOL had no interest in spending what it would take to revive the brand. Instead, the company, which was once a subscriber-supported portal, preferred to spend its resources on its transition into an ad-supported Web business.
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