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SAN FRANCISCO, United States (AFP) — Tumblr founder and chief David Karp on Monday announced he is leaving the nearly 11-year-old blogging platform — with his departure coming in the wake of Verizon buying parent-company Yahoo. Karp said that he will leave by the end of this year and chief operating officer Jeff D’Onofrio will take his place at the helm of Tumblr. “I beg you to understand that my decision comes after months of […]
by Rob Lever Agence France Presse WASHINGTON, United States (AFP) — A 2013 hack affected all three billion accounts at Yahoo, triple the original estimate, the online giant’s parent company said Tuesday following a new analysis of the incident. The disclosure from Verizon, which acquired Yahoo’s online assets earlier this year, revised upward the initial estimate of one billion accounts affected. The statement said the estimate is based on “new intelligence” following an investigation with […]
WASHINGTON, United States (AFP) – Internet pioneer Yahoo ended its two-decade run as an independent company on Tuesday, completing the sale of its core online assets to telecom giant Verizon. Yahoo’s chief executive Marissa Mayer resigned as expected, as Verizon finalized the $4.48 billion deal integrating the Yahoo internet operations into a new unit called Oath, which includes another former sector leader, AOL. Tim Armstrong, former chief executive officer of AOL, now holds the same […]
SAN FRANCISCO, United States (AFP) — Yahoo on Tuesday reported quarterly earnings that topped expectations as the pioneering internet firm remained on track to be bought by Verizon. Yahoo posted profit of $99 million in the first three months of this year on revenue of $1.3 billion, as compared to posting a loss on $1.09 billion in revenue in the same period last year. The California-based company said that it was continuing to work with […]
SAN FRANCISCO, United States (AFP) — Yahoo confirmed on Monday that chief executive Marissa Mayer will quit the company’s board after its merger with Verizon. Mayer is expected to remain with Yahoo’s core business, which is being bought by the US telecom titan. Yahoo is selling its main operating business as a way to separate that from its more valuable stake in Chinese internet giant Alibaba. The share-tending entity, to be renamed Altaba, Inc., will […]
