Image: Magnus Hoij/Flickr (Creative Commons)
In a shock announcement, Google’s Marrissa Mayer is officially Yahoo’s new chief executive officer and president. She will start work tomorrow, leaving her role as Google’s Vice President of Search and User Experience, where she was in charge of services like Google Maps and Google Earth.
Can we say #facepalm? Yahoo has suffered a massive data breach, with hackers attacking a service called Yahoo Voices and posting 450,000 usernames and passwords. Here’s the kicker – they are all in plaintext and it appears there wasn’t any encryption.
An article of the New York Times has revealed how the board of Yahoo came to a decision over its former-CEO Scott Thompson, who lied about having a computer science degree – which then started a proxy fight.
Scott Thompson has left the building (Image: Yahoo)
That was one quick tenure, but it had to give. Scott Thompson, appointed just only in January of this year as Yahoo’s CEO, has left the company after it was revealed by an investor (who was threatening to sue) that his claims of holding a Computer Science degree did not exist.
Yahoo has finally shown signs of growth. No, it’s not the end of the world, as we know it, but the company reported that its revenues grew 1 percent the same time last year – the first since 2008, while its net earnings grew 28 percent.
Facebook has responded with Yahoo’s claims of patent infringement with its own counter-claim that Yahoo has violated 10 of its own patents – including its patents on social networking, privacy controls and in advertising.
Yahoo has launched its lawsuit against social networking company Facebook, claiming that it had infringed on 10 of its patents – all relating to social networking, customisation and advertising on the web. And, of course, it launched it before Facebook’s IPO coming up this year.
Is it Yahoo’s last stand? A report by the New York Times has revealed that the company is threatening Facebook with a patent lawsuit if it does not pay licensing fees for 10 to 20 patents it owns, which include advertising, web page personalisation, messaging and social networking. Yes, the signs of a dying company are definitely present.
A threat of a crackdown “like China” by India has forced Google and Facebook to remove content that were deemed offensive to religions in the country. The threat comes after a lawsuit by one person claiming that both companies were violating Indian law.
Jerry Yang has announced he will resign from Yahoo’s Board of Directors and all other positions within the company and its subsidiaries, effective immediately. The news is highly surprising, and speculation is rising that Yahoo could be bought out.
Yahoo has found a new CEO. After unceremoniously dumping previous CEO Carol Bartz, hired in order to salvage the company, it has now brought in PayPal’s President Scott Thompson.
Interim CEO Tim Morse, placed by the board during the search, will return to his role as chief financial officer in the company.
Microsoft is looking at Yahoo’s financial statements after it signed a non-disclosure agreement, according to the New York Times. However, is this a sign of a possible acquisition of Yahoo again, failing to do so in 2008?
The troubles in Yahoo don’t end. Jerry Yang, who told its employees that it will not sell Yahoo after firing its then-CEO Carol Bartz, has confirmed in a memo that the company has looked to advisors to help facilitate a deal to buyout the fledgling company.
Carol Bartz, the now former CEO of Yahoo (Image: Yahoo)
Yahoo’s CEO Carol Bartz, who took over three years ago from founder Jerry Yang, has been sacked “effective immediatelty” as the company continues to struggle from rivals Google, Microsoft’s Bing and AOL.
It’s now official. Microsoft now controls two-thirds of the worldwide instant messaging market share – thanks to its acquisition of Skype, according to a brand new report from security analysis firm OPSWAT.