Verizon buys Yahoo for $4.83B, plans to roll it into AOL
SAN FRANCISCO — Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet. It is the second time in as many years that Verizon, extending its digital reach, has snapped up the remnants of a fallen internet star. The nation’s largest wireless carrier paid […]
Yahoo earnings get big Alibaba boost
Yahoo's third-quarter earnings soared as the Internet company collected a huge windfall from Alibaba's recent IPO.
Yahoo faced daily fine of $250K for withholding user data
Yahoo! Inc. said the U.S. government threatened in 2008 to fine it $250,000 a day for refusing to comply with national security-related requests for its users’ Internet data.
Tech firms vie to protect personal data, profits
SAN FRANCISCO — Even as Silicon Valley speaks out against the U.S. government’s surveillance methods, technology companies are turning a handsome profit by mining personal data and peering into people’s online habits. The industry’s profit machine has become tarnished by revelations that the National Security Agency trolls deep into the everyday lives of Web surfers. […]
Yahoo remakes email again, taking on more of Gmail look
SAN FRANCISCO — Yahoo’s free email service is becoming a bit more like Google’s Gmail as part of its second makeover in less than a year. The similarities to Gmail probably aren’t coincidental. Yahoo CEO Marissa Mayer helped design some of Gmail’s features while she was a top executive at Google Inc. Since its debut […]
LinkedIn asks court to let it disclose FISA data
WASHINGTON — LinkedIn has asked a secret court to allow it to disclose the number of national security orders the company has received under the Foreign Intelligence Surveillance Act. On Wednesday, LinkedIn joined four other companies that have similar cases pending before the FISA Court. The other four are Google, Microsoft, Yahoo and Facebook. Among […]
Tumblr founder to get $81M to remain at Yahoo
SAN FRANCISCO — Yahoo’s recently completed acquisition of Internet blogging service Tumblr includes an $81 million payment to Tumblr founder David Karp as long as he remains on the job for the next four years. The retention payment disclosed in a regulatory filing Thursday is part of the windfall that Karp and Tumblr investors realized […]
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Yahoo shuts down Internet relic AltaVista
NEW YORK — Once up on a time, there was a popular search engine called AltaVista. It lives no more. On Monday, its owner Yahoo Inc. sent AltaVista.com to the Internet graveyard to rest alongside order-almost-anything venture Kozmo.com and the butler from Ask Jeeves. Palo Alto, Calif.-based AltaVista was introduced in 1995, three years before […]
Yahoo discloses number of U.S. government data requests
SUNNYVALE, Calif. — Yahoo is the latest company to disclose how many requests for user data it has received from U.S. government agencies, putting the number between 12,000 and 13,000 in the six months that ended on May 31. Yahoo Inc. CEO Marissa Mayer and General Counsel Ron Bell said in a blog post late […]
Yahoo takes big leap with $1.1B deal for Tumblr
SAN FRANCISCO — Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced Monday is Mayer’s boldest move since she left Google 10 months ago to lead Yahoo’s latest comeback attempt. It marks Yahoo’s most expensive […]
YouTube says the battle with TV is already over
NEW YORK — YouTube vs. TV? YouTube says the battle — if there ever was one — is over. In a flashy presentation to advertisers Wednesday night, Google Executive Chairman Eric Schmidt declined to forecast that Internet video will displace television watching. Instead he declared: “That’s already happened.” Schmidt said “the future is now” for […]