AOL opened up its free .com or .net domain and email service, called My eAddress. They will pick up the charge for an available domain in either of those TLDs for those who sign up.

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AOL is smart in doing this. They will be able to profit from paid ads sent out in every email! They might also put up a page for the website they are hosting with ads like GoDaddy etc. They would recoup very well with paid ads doing this.