Tech Peek Base

Aol is telling a good story, but Citi analyst Mark Mahaney isn’t buying it. AOL is probably the toughest Internet turnaround story, he says in a report today, citing “28% Y/Y decline in its Subscriber base and 38% Y/Y decline in its EBITDA.” He recommends people buy Yahoo, which “will almost surely revert to growth before AOL.”

Mahaney also notes that Aol was the only top 5 web property in the U.S. to have year over year declines in visitors.