Last month, for instance, Web metrics company Net Applications tracked Netscape's browser share at just 0.60%, while IE owned 77.4% and Firefox accounted for 16%. The browser fell on hard times, however, and quickly lost what users it had to IE as well as the successor from Mozilla, Firefox. ![]() Later that year, AOL bought Netscape in a deal valued then at $4.2 billion. Inside a month, Netscape formed the Mozilla Foundation and handed the browser code to the open-source nonprofit. announced that it would cease charging for the browser - in large part because Microsoft gave away IE - and said that future development would be open-source. In January 1998, Netscape Communications Corp.
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