AOL initially envisioned the Netscape Web site as a Web portal, providing a source of revenue through advertising and e-commerce. Netscape Communications is now part of America Online (AOL). The former Netscape company is currently a non-operating subsidiary of Facebook, still known as New Aurora Corporation. AOL sold the former Netscape company now known as New Aurora Corporation to Microsoft, who in turn sold the former Netscape company again to Facebook the Netscape brand remained with AOL. ĪOL renamed the Netscape Communications Corporation to New Aurora Corporation, and transferred the Netscape brand to themselves. As of 2011, AOL has continued to use the Netscape brand to market a discount Internet service provider. Under AOL, Netscape's browser development continued until December 2007 when AOL announced that the company would stop supporting the Netscape browser as of early 2008. The Gecko engine would later be used to power the Mozilla Foundation's Firefox browser.

The Mozilla Organization rewrote the entire browser's source code based on the Gecko rendering engine all future Netscape releases were based on this rewritten code. Shortly before its acquisition by AOL, Netscape released the source code for its browser and created the Mozilla Organization to coordinate future development of its product. Netscape stock traded from 1995 until 1999 when the company was acquired by AOL in a pooling-of-interests transaction ultimately worth US $10 billion. The company is also known for developing SSL which was used for securing online communications before its successor TLS took over.

Netscape is credited with creating the JavaScript programming language, the most widely used language for client-side scripting of web pages. The browser was once dominant but lost to Internet Explorer and other competitors after the so-called first browser war, its market share falling from more than 90 percent in the mid-1990s to less than 1 percent in 2006. The brand belonged to the Netscape Communications Corporation (formerly Mosaic Communications Corporation), an independent American computer services company, whose headquarters were in Mountain View, California, and later Dulles, Virginia. It is now owned by Oath, Inc., a subsidiary of Verizon. United States Netscape is a brand name associated with the development of the Netscape web browser.

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