Image: Magnus Hoij/Flickr (Creative Commons) Money makes the world go ’round, and Yahoo knows it. Today Recode is reporting that Yahoo will soon launch a new video service to take on YouTube. And while that might sound like a laughable endeavour, with YouTube yet to have a competitor steal their mainstream userbase, the company is hoping that the popularity of YouTube’s own stars is more important than the popularity of YouTube […]
Yahoo has said that it will be resetting passwords of several users after it identified a “coordinated effort to gain unauthorised access” to those users Yahoo Mail accounts. The company did not share much detail about the attack, like how many accounts were affected. It did say, however, that the attackers used information from a third-party whose database was compromised; and that there was no evidence that the information came […]
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. Mayer will become Yahoo’s fifth CEO in five years, and Scott Thompson, who left the company in May just […]
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. Yahoo Voices, also known as Associated Content, has been pointed by TrustedSec where the breach occurred – though there has been some confusion because Yahoo Voices is Associated Content, […]
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. The board gave Thompson a chance to explain himself, and implicitly suggested he “should publicly admit it, apologize and offer to resign” – that way, the Board might have stood behind him. […]
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. Thompson, who jumped from PayPal, is Yahoo’s third CEO in three […]
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. It pretty much met Wall Street analysts expectations – though, admittedly, they were really low to begin with. According to Yahoo, the company saw […]
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. Facebook is also denying that it has infringed on Yahoo’s patents. However, on Yahoo’s alleged infringement, the social network is claiming that most of its profits were based on its infringement of its patents and it […]
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. “For much of the technology upon which Facebook is based, Yahoo! got their first,” it boasted in its lawsuit. “Facebook’s entire social network model… is […]
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. “Yahoo has a responsibility to its shareholders, employees and other stakeholders to […]
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. The decision came after a lawsuit by a Muslim petitioner, Mufti Aijaz Arshad Qasmi; with the court asking all 21 sites listed in the case to file […]
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. “My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. However, the time has come for me to […]
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. Thompson has been tasked to focus on Yahoo’s “core business” – whatever that is – and to “reignite […]
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 New York Times also points that other potential bidders for the company like Silver Lake and TPG Capital, both private equity firms, have also have access to Yahoo’s books. In addition, Microsoft […]
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. In a leaked memo obtained by Business Insider, the company has hired investment bank Allen & Company to handle “fielding inquiries from multiple parties […]