logo
AOL ends its dial-up service, an early internet relic still used in some remote areas

AOL ends its dial-up service, an early internet relic still used in some remote areas

CBC13 hours ago
AOL is discontinuing its dial-up service, which helped millions of households connect to the web during the internet's formative years and was instantly recognizable for its beep-laden, scratch-heavy ring tone in the 1990s and early 2000s.
The company, which once dominated as the world's largest internet provider, confirmed the move to CBC News on Sunday, saying it would discontinue dial-up as a subscription option on Sept. 30 "as we innovate to meet the needs of today's digital landscape."
Dial-up services were a mainstay of the early internet — as famously depicted in the 1998 romantic comedy You've Got Mail — and involved using a phone line to connect devices to the web. Those of a certain age will recall that this meant choosing between your landline and your internet access.
The company, which offered the service to customers in Canada and the U.S., didn't offer details about its existing dial-up clients. With much-speedier broadband internet access now the standard for web connection in North America, the end of dial-up service raises the question of who was still using it.
"There are many parts of rural Canada that still do not have reliable access or any access to high-speed internet connectivity. And for them, dial-up is their only alternative," said technology analyst Carmi Levy in an interview with CBC News.
"There are a number of regional or local players across the country that still provide low-cost dial-up access. The problem here is that the base, the internet as we know it, is no longer built for dial-up access. And so it's a technology that time really has passed by," Levy said.
According to a CRTC report published earlier this year, 95 per cent of Canadians have access to high-speed internet. But broadband coverage in the country's three territories, as well as in rural areas and on First Nations reserves, is still catching up with the rest of Canada.
CBC News reached out to the CRTC to ask how many Canadians are still making use of dial-up services, which falls under the "fixed internet" umbrella that the regulator tracks. Data from the U.S. Census Bureau estimated that about 163,000 households were using dial-up exclusively for internet service in 2023.
"This isn't gonna affect a lot of people, but if you're one of those people who simply never transitioned off, it's pretty seismic," added Levy. "It means that at the end of September, you're losing the only access to the internet that you've ever known."
Canada's major telecoms are scaling up fibre-optic networks for internet connectivity because they're capable of transferring data at high speeds and tend to be cost-effective. Satellite services — including SpaceX's Starlink — are also sometimes used for high-speed internet in rural and remote areas.
Dana Ditomaso, a technology analyst in Victoria, B.C., noted that satellite coverage isn't always reliable or fulsome in less populated areas. "Especially if it's mountainous or there's a lot of trees, even satellite internet isn't going to work all that well because you need a clear line to the satellite," she noted.
That's where the gap filled by dial-up services might exist — but Ditomaso doesn't expect any nostalgia-fuelled revival of the technology.
"It's not gonna be like vinyl records, and people are like, 'I really want that dial-up experience,' you know?" she said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Which Artificial Intelligence (AI) Stock Is More Likely to Make You a Millionaire: Figma or Palantir?
Which Artificial Intelligence (AI) Stock Is More Likely to Make You a Millionaire: Figma or Palantir?

Globe and Mail

time30 minutes ago

  • Globe and Mail

Which Artificial Intelligence (AI) Stock Is More Likely to Make You a Millionaire: Figma or Palantir?

Key Points Figma is smaller than Palantir and has a large total addressable market. Palantir is growing faster, with a "Rule of 40" score that's in a league of its own. 10 stocks we like better than Palantir Technologies › Investing early in the right stocks can sometimes be highly rewarding. For example, Palantir Technologies (NASDAQ: PLTR) went public in September 2020 with an opening share price of $10. Today, its shares trade at around $186. More recently, Figma (NYSE: FIG) conducted its initial public offering (IPO) on July 31, 2025, with a share price of $33. Although the stock has been volatile, it's still worth roughly $82. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » It's too late to get in at the very beginning for either of these artificial intelligence (AI) stocks. But which one is more likely to make you a millionaire? The case for Figma One argument for why Figma could be more likely to be a millionaire-maker than Palantir is that it's much smaller. Figma's market cap of around $40 billion is only a fraction of Palantir's market cap of roughly $440 billion. Generally speaking, smaller companies have more room to grow than larger companies do. Figma's growth is already impressive. Its revenue soared 46% year over year in its latest quarter. Customers are sticking with Figma's artificial intelligence (AI)-powered product design and development software, too, as evidenced by a sky-high net dollar retention rate of 132%. Figma's customer base includes 78% of the Forbes 2000 and 95% of the Fortune 500. We're talking about a list that features marquis companies such as Airbnb, Atlassian, DuoLingo, Microsoft, Netflix, The New York Times, and Zoom. Figma could have a massive opportunity ahead. It estimates its total addressable market is currently around $33 billion, and IDC projects that more than 1 billion new apps will be developed by 2028. Figma's 2024 sales of $749 million are a drop in the bucket, compared to this growing market. The case for Palantir Perhaps the most compelling argument that Palantir is more likely to make investors $1 million than Figma is that it's growing faster. The company reported year-over-year revenue growth of 48% in the second quarter of 2025. Here's another biggie: Palantir has a "Rule of 40" score. The "Rule of 40" is a popular rule of thumb for evaluating software-as-a-service (SaaS) companies. Its premise is that a company's revenue growth rate plus its profit margin should be 40% or higher. Palantir's "Rule of 40" score is a sky-high 94%. This puts the company in a league of its own among software makers. Palantir's customer count of 485, as of June 30, 2025, is well below Figma's number of customers. However, the value of Palantir's contracts with customers is much larger. In Q2 alone, Palantir closed 157 deals of at least $1 million and 42 deals of at least $10 million. The U.S. government remains Palantir's largest customer, and its government business continues to grow robustly. However, its commercial business is growing even faster. Palantir expects its commercial revenue to soar by at least 85% this year. CEO Alex Karp wrote to shareholders recently that the company's U.S. commercial business is "the emerging core of Palantir and the seed of what an entire industry will become, perhaps the world's most dominant, in the years to come." And the winner is... When all factors are considered, I think that Palantir is more likely than Figma to make you a millionaire. Palantir's opportunity appears to be larger than Figma's, in my view. That said, don't expect an investment of $10,000 in Palantir to grow to a cool $1 million. Much of the company's growth prospects are already baked into its share price and then some, with its price-to-earnings-to-growth (PEG) ratio of 4.89. If you're hoping to become a millionaire with a relatively small initial investment, you'll probably need to look elsewhere. Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 11, 2025 Annie Dean, a Vice President at Atlassian, is a member of The Motley Fool's board of directors. Keith Speights has positions in Microsoft. The Motley Fool has positions in and recommends Airbnb, Atlassian, Microsoft, Netflix, Palantir Technologies, The New York Times Co., and Zoom Communications. The Motley Fool recommends Duolingo and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

Billionaire David Tepper Is Selling Nvidia and AMD for a Cutting-Edge Company With an Addressable Market in Excess of $200 Billion
Billionaire David Tepper Is Selling Nvidia and AMD for a Cutting-Edge Company With an Addressable Market in Excess of $200 Billion

Globe and Mail

time35 minutes ago

  • Globe and Mail

Billionaire David Tepper Is Selling Nvidia and AMD for a Cutting-Edge Company With an Addressable Market in Excess of $200 Billion

Key Points Quarterly-filed Form 13Fs offer a way for investors to closely track the buying and selling activity of Wall Street's leading fund managers. Billionaire David Tepper completely exited his fund's position in Advanced Micro Devices and reduced his stake in Nvidia by 93% -- and profit-taking might not be the only reason for selling. Meanwhile, Appaloosa's chief bought shares of a leading digital payment solutions company for the first time in four years. 10 stocks we like better than Block › Between near-daily economic data releases and the six-week period each quarter ("earnings season") where many of Wall Street's most-influential business reveal their operating results, keeping up on market-moving news events can be challenging. Once in a while, something of importance can fall through the cracks. For example, the sheer abundance of Form 13F filings with the Securities and Exchange Commission might go unnoticed by investors. A 13F is a required filing no later than 45 calendar days following the end to a quarter for institutional investors with at least $100 million in assets under management. It provides a snapshot for investors of which stocks Wall Street's smartest fund managers are buying and selling. While there's no substitute to quarterly earnings reports, knowing which stocks and trends Wall Street's leading asset managers are buying into or selling out of is equally valuable. Beyond Warren Buffett, Appaloosa's billionaire chief David Tepper tends to be one of the most-followed fund managers. Tepper's willingness to dive into popular growth stocks has resonated with investors during the current bull market. However, Tepper's trading activity over the previous year (April 1, 2024–March 31, 2025) has been eyebrow-raising, to say the least. Based on 13Fs, he's been a persistent seller of two of Wall Street's most-popular artificial intelligence (AI) stocks, Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). At the same time, he's chosen to buy shares of a cutting-edge company whose total addressable market is estimated at $205 billion. Tepper shows AI hardware stocks to the door Over a 12-month period ended March 31, Tepper and his team completely exited 14 holdings and reduced Appaloosa's stake in 19 other positions. Among these moves, the two most noteworthy are: Nvidia: 4,120,000 shares sold, representing a 93% reduction (note: this accounts for Nvidia's 10-for-1 stock split in June 2024). Advanced Micro Devices: 1,630,000 shares sold, representing a complete exit from this position. On paper, everything would seem to be going great for these developers of graphics processing unit (GPUs). Nvidia's Hopper (H100) and Blackwell GPUs hold a majority of AI-accelerated data center market share, while AMD's Instinct series chips are ramping up and aiming to siphon away market share from Nvidia. For more than two years, businesses have been spending aggressively on AI-data center infrastructure to gain first-mover advantages over their peers. Nvidia has been particularly adept at growing its sales and keeping customers loyal thanks to its CUDA software platform. CUDA is what developers use to maximize the computing potential of their Nvidia GPUs, as well as to train large language models. However, David Tepper's selling activity in AI hardware stocks was likely undertaken with a purpose. One possibility is that Tepper and his team were (pardon the pun) taking their chips off the table after a sizable run-up in the shares of both Nvidia and AMD. The average holding period for Appaloosa's securities is two years and five months, which suggests Tepper isn't shy about locking in gains when presented with the opportunity to do so. The concern is there may be more to this story than just profit-taking. Arguably the biggest worry with the AI revolution is that it'll follow historical precedent. For more than three decades, every game-changing technology has worked its way through an early stage bubble that eventually burst. Put another way, investors have consistently overestimated how quickly a new technology would earn wide adoption and become useful. It takes time for next-big-thing innovations to mature, and artificial intelligence doesn't look as if it'll be the exception. If an AI bubble were to form and burst, AI hardware stocks like Nvidia and AMD would undoubtedly feel the pinch. Competitive pressures are also a concern (more so for Nvidia than AMD). Though most eyes tend to be on external competitors developing AI-GPUs, internal competition is possibly an even bigger story. Many of Wall Street's most-influential companies are internally developing AI chips to use in their data centers. Even though this hardware can't compete with Nvidia and/or AMD on a compute basis, it'll be considerably cheaper and more readily available. In other words, it's a recipe for less AI-GPU scarcity, weaker pricing power, and lower gross margin for Nvidia and AMD. This fintech goliath has Tepper's undivided attention On the other end of the spectrum, Tepper added 10 new stocks to Appaloosa's nearly $8.4 billion investment portfolio over the last year (excluding options). Arguably one of the more attractive additions is that of fintech juggernaut Block (NYSE: XYZ). During the early stages of the COVID-19 pandemic, Tepper's fund held in excess of 400,000 shares of Block. But by the end of the first quarter of 2021, every share had been sent to the chopping block. Following a four-year hiatus, Block stock is back in Appaloosa's investment portfolio, with Tepper adding 75,000 shares during the March-ended quarter. Block has two distinct operating segments -- Square ecosystem and Cash App -- each of which brings a sizable addressable market to the table. The Square ecosystem is Block's foundational operating division, with this segment sporting an estimated addressable market of $130 billion, based on a research note released in November 2024 by Piper Sandler analyst Arvind Ramnani. Square is the merchant-focused portion of Block's business that's designed to facilitate digital/mobile payments, as well as provide merchants with payment solutions and data analytics. During the fourth quarter of 2020, gross payment volume (GPV) totaled $29.4 billion for the Square ecosystem. But as of the second quarter of 2025, GPV topped $64.2 billion. The rapid expansion in GPV on Square's payment networks is a function of sustained double-digit growth in international markets, as well as a higher percentage of GPV originating from larger businesses (those with $500,000 or more in annual GPV). The other key puzzle piece for Block is its mobile payment service known as Cash App. Ramnani views Cash App as being a $75 billion addressable opportunity for Block. When combined with the Square ecosystem, Block is staring down an estimated $205 billion tailwind. At the end of 2020, Cash App had 36 million monthly active customers. But as of the midpoint of 2025, there are now 57 million monthly transacting active users. Cash App is a higher margin opportunity for Block than the Square ecosystem, with gross profit per Cash App user often heavily outpacing the cost to acquire Cash App actives. Though both of Block's operating segments are more than a decade old, they're arguably still early in their respective expansions. Even with competition picking up in the digital payments arena, Block appears well-positioned to capitalize on a sustained double-digit growth opportunity. Should you invest $1,000 in Block right now? Before you buy stock in Block, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Block wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 11, 2025

3 Leading Tech Stocks to Buy in the Second Half of 2025
3 Leading Tech Stocks to Buy in the Second Half of 2025

Globe and Mail

timean hour ago

  • Globe and Mail

3 Leading Tech Stocks to Buy in the Second Half of 2025

Key Points Meta Platforms is betting big on AI super-intelligence. Applied Materials is set to benefit from new gate-all-around transistor innovations. On Semiconductor sold off after earnings but is on the brink of a recovery. 10 stocks we like better than Meta Platforms › The technology sector crashed through the first three months of 2025, but has experienced a ferocious recovery since early April. That recent rally has left many tech stocks either fully valued or overvalued. But just because it's harder to find a bargain doesn't mean there aren't good values in the tech sector. As it stands today in early August, these three names still look like good opportunities to scoop up for the long run. Meta Platforms Meta Platforms (NASDAQ: META) stock has appreciated almost nine times over since its 2022 lows, which is incredible to think about. Therefore, some may believe the stock is now overvalued. But in terms of valuation today, Meta is still not expensive. Shares currently trade at 27.6 times earnings, which is a little bit above the market. Still, those earnings incorporate two big investments that are forward-looking and not really benefiting current revenue: Reality Labs, and Meta's massive new artificial "superintelligence" venture. In the first half of the year, the Reality Labs segment lost a whopping $8.7 billion, while the "core" advertising business saw $46.7 billion in operating income. Moreover, that core operating income may be impacted by increased depreciation costs of Meta's recent AI-related capital spending. Yet just stripping out Reality Labs losses, Meta appears to on track to make over $100 billion in operating profit this year through its "core" Facebook and Instagram platforms. In that light, its current $1.9 trillion market cap doesn't look that demanding in relation to the core ads business, which grew an impressive 21.4% last quarter. If, for some reason, the metaverse and artificial superintelligence bets don't work out, CEO Mark Zuckerberg could just cancel those investments and concentrate on Meta's core platforms, which have some of the strongest network effects of any business today. In that scenario, Meta should still do well. However, if Zuckerberg's massive bets lead to AI superintelligence before its peers get there, there's significant upside. Since Meta is one of just a few companies that could crack superintelligence first, it's a must-own stock, given its reasonable price today. Applied Materials Semiconductor manufacturing equipment vendor Applied Materials (NASDAQ: AMAT) still finds its stock almost 30% below last summer's all-time highs, while trading at a quite reasonable 19 times 2025 earnings estimates and 18 times 2026 earnings estimates. There is perhaps some concern over the the near-term growth outlook, especially after rival ASML Holdings said last month that it couldn't guarantee a growth year in 2026. U.S.-China tensions may also be playing a part, as sales to Chinese customers made up 25% of Applied's revenues last quarter. However, Applied may be in a better position than ASML for the near and medium-term. This is because chipmakers are currently migrating to a new type of transistor architecture, going from finFET transistors, with the gate on three sides of the transistor source, to gate-all-around (GAA) transistors, in which transistors are stacked vertically with the gate on all four sides. This new innovation is less about lithography, which is where ASML dominates, and more about etch and deposition, which is where Applied generates most of its business. Furthermore, there is likely the need for a combination of innovative packaging and metrology technologies to pull the new transistor architecture off. As the most diversified semicap equipment company, Applied is in prime position to offer combined solutions to help customers solve these complex problems. With its stock down significantly from its highs, Applied has a dividend yield that stands at 1%. However, the company has raised its dividend at high rates over the last three years, with a 19% increase in 2023, a 25% increase in 2024, and a 15% increase in 2025. And the company's payout ratio is still below 20% of earnings, leaving even more firepower to raise the dividend and repurchase shares in the future. On Semiconductor Power, analog, and sensor chip producer On Semiconductor (NASDAQ: ON) fell hard after its recent earnings, but the drop may be an excellent opportunity for long-term investors. At first glance, it's hard to understand why On fell after earnings. The company beat revenue expectations and met adjusted earnings expectations, while Q3 guidance was basically in-line. But On had experienced a strong rally off the April bottom, so perhaps investors were expecting more in the way of a recovery in its core auto and industrial chip business. On's end-markets have been in one- to three-year downturns, depending on the market, as the post-COVID buying spree in cars and industrial chips gave way to a painful hangover. Yet while the recovery may not have been as strong as hoped, On's normally conservative management seems assured the bottom is in. CEO Hassane El-Khoury said in the press release, "We are beginning to see signs of stabilization across our end markets, and we remain well positioned to benefit from a market recovery." On is a leader in silicon carbide chips, which are increasingly needed in electric vehicles (EVs), energy infrastructure, and even AI data centers, although that data center revenue is small right now. While the core EV market has been slowing in the U.S. and Europe, if EVs are in fact the future, On should do well over the long-term. Meanwhile, El-Khoury noted On's AI data center revenue nearly doubled last quarter relative to the prior year. So, when On's auto and industrial end markets fully recover, this new high-growth data center business could be a cherry on top. Meanwhile, On has still been producing cash flow even during this downturn, enabling it to repurchase stock at low prices as investors wait for a recovery. Thus, the post-earnings give-back looks like a good opportunity to add to this long-term winner, which seems set for an inevitable recovery over the next couple of years. Should you invest $1,000 in Meta Platforms right now? Before you buy stock in Meta Platforms, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Meta Platforms wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 11, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store