Author: Wiki
Patch was founded by then-president of Google Americas operations Tim Armstrong, Warren Webster and Jon Brod in 2007 after Armstrong said he found a dearth of online information on his home-neighborhood of Riverside, Connecticut.AOL acquired the company in 2009 shortly after Armstrong became AOL's CEO. Armstrong told AOL staffers that he recused himself from negotiations to acquire the company and did not directly profit from his seed investment.
Charles Hale informed Recode in 2019 that his network of 1,200-plus hyperlocal news sites was generating more than $20 million in annual ad revenue