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Buyer Promises New Life for 'Iconic' AOL

Bending Spoons says it will 'invest significantly' in the company with 'unexpressed potential'

(Newser) - AOL, the iconic internet brand that helped define the early online era, is changing hands once again. The company is being acquired by Bending Spoons, a Milan-based tech firm with a policy of never selling an acquired business, in a deal reported to be around $1.5 billion, per the...

Marissa Mayer Still Relishes a Yahoo Compliment
Marissa Mayer: I'm Not
Neurodivergent,Just Geeky
interview
Oct 22, 2024 2:36 PM CDT

Marissa Mayer: I'm Not Neurodivergent,Just Geeky

Wired interviews tech exec, who has launched a new startup

(Newser) - In a wide-ranging interview with Wired , former Yahoo CEO and Google exec Marissa Mayer reflects on her former jobs, her optimism about new startup Sunshine, and her own personality. Some highlights:
  • Yahoo: Mayer resigned from the top post in 2017 amid the company's struggles . What went wrong? "Yes,
...

Yahoo Plans to Cut a 5th of Its Workforce

Ad tech business will be hit hardest

(Newser) - Yahoo has become the latest tech giant to announce mass layoffs—and the ax will not be swinging evenly. The company says it plans to lay off around 1,700 people, a fifth of its workforce, by the end of the year. The cuts will start with 1,000 by...

Yahoo Pulls the Plug on Operations in China

Company cites 'challenging' corporate environment

(Newser) - Yahoo Inc. on Tuesday said it has pulled its services from China, citing an “increasingly challenging business and legal environment.” The company said in a statement that its services were no longer accessible from mainland China as of Nov. 1, per the AP . The Wall Street Journal sees...

For 2 Internet Giants of Old, Another Change of Hands

Verizon sells Yahoo and AOL

(Newser) - AOL and Yahoo are being sold again, this time to a private equity firm. Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management in a $5 billion deal, per the AP . Verizon said Monday that it will keep a 10% stake in the...

'Yahoo Answers' Is Ending, and the Reactions Are Choice
'One of the Dumbest Places
on the Internet' Is Ending
in case you missed it
Apr 10, 2021 9:00 AM CDT

'One of the Dumbest Places on the Internet' Is Ending

Yahoo Answers is calling it quits

(Newser) - The premise was noble. The result, not so much. Yahoo announced Monday that its Yahoo Answers feature is shutting down next month after 16 years, reports USA Today . The idea was to create an internet forum where people could post questions and have them answered in like fashion—a "...

Here's How to Get Your Yahoo Settlement

After breach, you can get a (modest) payout or credit monitoring

(Newser) - If you had a Yahoo account between 2012 and 2016, you may now be able to claim a little payback over the company's massive data breach . Spoiler alert: You won't be getting rich. Yahoo is offering at least two years of free credit monitoring, reports CNN . If you'...

Ex-Yahoo Engineer: I Hacked 6K Accounts for Sex Pics, Vids

Reyes Daniel Ruiz pleaded guilty to targeting younger women, including friends, co-workers

(Newser) - Young women who were colleagues or friends of Reyes Daniel Ruiz may not like the news they're hearing, though at least they can take comfort that he's been busted. CNN reports that the 34-year-old software engineer pleaded guilty in federal court Monday to using the access he used...

Ex-CEO Blames Russians for Attacks on Yahoo Data

Marissa Mayer says she's sorry for hacks that affected all 3 billion Yahoo users

(Newser) - "I want to sincerely apologize to each and every one of our users,” Reuters quotes former Yahoo CEO Marissa Mayer as saying. Mayer testified in front of the Senate Commerce Committee Wednesday regarding two massive data breaches at Yahoo. In 2013, all 3 billion Yahoo accounts were hacked...

Yahoo: Largest Data Breach in History Was Actually Even Larger

All 3B accounts were affected, not just1B

(Newser) - Yahoo has tripled down on what was already the largest data breach in history, saying it affected all 3 billion of its users, not the 1 billion it revealed late last year, the AP reports. The company announced Tuesday that it's providing notice to additional user accounts affected by...

It's Official: Yahoo Is No More
It's Official:
Yahoo Is No More
Jun 13, 2017 1:18 PM CDT

It's Official: Yahoo Is No More

CEO Marissa Mayer posts a goodbye letter

(Newser) - It's official: Verizon has snatched up Yahoo in a long-anticipated $4.48 billion deal completed Tuesday that will see Yahoo CEO Marissa Mayer exit with a healthy payout. Mayer will walk away with $23 million, plus stock holdings worth $200 million, report Variety and CNBC . In a "goodbye...

10 Highest Paying Internships in US
Here, Interns Can
Earn $96K a Year
May 2, 2017 11:17 AM CDT

Here, Interns Can Earn $96K a Year

Facebook's interns are a lucky bunch

(Newser) - Contrary to popular belief, it is possible to keep a rewarding internship and a roof over your head . If you're prepared for a fight, you can find a great internship that also pays well—$8,000 per month in the case of Facebook. Here are the companies offering the...

Marissa Mayer Will Get Huge Payday From Yahoo Sale
Marissa Mayer Could
Walk With $186M
Apr 25, 2017 12:47 AM CDT

Marissa Mayer Could Walk With $186M

Filings suggest she will make at least that much

(Newser) - Her years in charge of Yahoo haven't been what you would call an unqualified success, but Marissa Mayer still stands to make $186 million if the company's sale to Verizon goes ahead June 8. That figure includes the CEO's Yahoo stock, stock options, and restricted stock units...

Verizon Has New Name for AOL-Yahoo Combination
Internet Pokes Fun at Name
for Combined AOL-Yahoo
THE RUNDOWN
Apr 4, 2017 6:25 AM CDT

Internet Pokes Fun at Name for Combined AOL-Yahoo

It's a 'special kind of bad'

(Newser) - If you merge the letters from AOL and Yahoo, take a few away, and add a "t," you have Oath, which is what Verizon is planning to call a new entity combining the two companies after its acquisition of Yahoo is complete. "Billion+ Consumers, 20+ Brands, Unstoppable...

2 Russian Spies, 2 Hackers Behind Yahoo Hack: Reports

Sources say they're to be indicted Wednesday by Justice Department

(Newser) - The Justice Department is set to make a big announcement Wednesday about the massive 2014 Yahoo data breach, which affected 500 million users : the indictment of Dmitry Dokuchaev and his boss Igor Sushchin, both Russian spies from the Federal Security Service intelligence agency, as well as Russia-hired hackers Alexsey Belan...

New Male Yahoo CEO to Get Double Mayer's Salary

Thomas McInerney will also have a simpler job

(Newser) - If Yahoo's sale of most of its business to Verizon goes through, the man hired to run what little remains of the company will receive double the salary of female predecessor Marissa Mayer, according to an SEC filing. Board member Thomas McInerney will receive $2 million base pay, twice...

Marissa Mayer Likely Getting $23M Severance

According to new filing cited by CNNMoney

(Newser) - When Yahoo's sale to Verizon is complete, Marissa Mayer will likely walk away with a $23 million severance package, CNNMoney reports, citing a company filing. The package is contingent on the sale and on Mayer, who will lose her job as Yahoo's CEO, being terminated without cause. It'...

Yahoo Metes Out Punishment in Hacking Mess

Punishes Marissa Mayer, parts ways with top lawyer

(Newser) - Yahoo is punishing CEO Marissa Mayer and parting ways with its top lawyer for the mishandling of two security breaches that exposed the personal information of more than 1 billion users and already have cost the company $350 million, the AP reports. Mayer won't be paid her annual bonus...

Verizon Getting 7% Discount on Yahoo After Massive Hacks

The deal, now worth $4.48B, is still on

(Newser) - Seven months ago, Verizon agreed to buy Yahoo for $4.83 billion, the AP reports. Since then, Yahoo has revealed itself to have been the victim of the two biggest data breaches ever, resulting in information from more than a billion users being stolen. According to the Washington Post , experts...

Yahoo Is Now Warning Users of 'Forged Cookies'

More email accounts may have been breached

(Newser) - Yahoo is warning users of potentially malicious activity on their accounts between 2015 and 2016, the latest development in the internet company's investigation of a mega-breach that exposed 1 billion users' data several years ago. Yahoo confirmed Wednesday that it was notifying users that their accounts had potentially been...

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