Frankel's stake of 522,661 shares in the acquisition was worth approximately $59 million. On July 20, 1999, the last reported sale price for AOL common stock was $113.1875 per share. In a JSEC filing by AOL, the transaction was recorded as a payment of 2,863,053 shares of AOL common stock to the 54 stockholders in the two companies being acquired. In June 1999 AOL simultaneously acquired Nullsoft and in a combined purchase worth approximately $400 million. He also created the Advanced Visualization Studio, a plugin for Winamp which enabled users to create their own music visualizations in real-time, without any programming knowledge required. įrankel, along with Tom Pepper (who played a big part of the Winamp development and distribution), later completed SHOUTcast, which allowed ordinary users with an Internet connection to broadcast, or " stream", audio over the Internet. Since many people had sent in the $10 donation suggested in return for using the program, Frankel earned tens of thousands of dollars a month. By 1998, more than fifteen million people had downloaded the program. A few months later, he released the first version of WinAMP under his newly formed company's name Nullsoft. His skill eventually led him to running the student computer network of Verde Valley School, which he attended, as well as writing an email application for the students.Īfter graduating high school with a 2.9 GPA, he attended the University of Utah in 1996, where he majored in computer science, but dropped out after two quarters. Frankel had an aptitude for computers at an early age. Justin Frankel was born in 1978 and grew up in Sedona, Arizona.
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