June 21, 2011 |
Yahoo Inc. recently approached Hulu to discuss a possible acquisition of the popular online video service, according to a person with knowledge of the matter. Hulu, which streams television shows on the Internet, has been the subject of intense speculation about its future. The company, whose owners include media giants News Corp., Walt Disney Co. and Comcast Corp., has been struggling to find a balance between the desires of consumers to watch shows free online and its owners' interest in protecting the value of their programming.
April 4, 2012 |
The economy may be recovering, employers may be starting to hire again, but this probably isn't the best time to send your resume to Yahoo. The once-mighty Internet company says it's laying off 2,000 employees, or about 14% of its workers, as the new chief exec, Scott Thompson, attempts a sweeping reinvention of the search giant. Yahoo figures the cuts will save about $375 million annually. This is the company's sixth mass firing in the past four years under three different chief executives.
July 20, 2012 |
The new highly discussed and highly compensated chief executive of Yahoo, Marissa Mayer, has issued her first missive to her new troops two days after beginning the job. The main message: Don't stop, keep moving. "The company has been through a lot of change in the past few months, leaving many open questions around strategy and how to move forward. I am sensitive to this," she wrote, according to AllThingsD , who got ahold of the memo. Though she said she already has some ideas about how the company should move forward, Mayer said she wants first to develop perspective before developing a strategy, according to the memo.
July 12, 2012 |
Yahoo confirmed 400,000 user names from one of its services were hacked Thursday. The company said that although the breached accounts include user names from Yahoo and other companies, only 5% of the accounts had valid passwords. Yahoo said it is working to fix the vulnerability and is changing the passwords of the affected users. The company also said it is notifying other companies whose users may have been affected -- earlier we reported that they may include people who use AOL, Gmail, Hotmail and many others.
July 20, 2010 |
Yahoo Inc. reported sales on Tuesday that missed analysts' estimates as marketers devoted online advertising spending to rival search websites. Excluding revenue passed on to partner sites, Yahoo had sales of $1.13 billion, the Sunnyvale, Calif.-based company said. That compares with the average estimate of $1.16 billion among analysts surveyed by Bloomberg. Yahoo is grappling with competition from companies such as Google Inc. and Facebook Inc., which have benefited from gains in market share and user growth.
February 7, 2012 |
Yahoo will forge its future without Chairman Roy Bostock and three other board members, the struggling Internet company said. Bostock announced the departures Tuesday in a letter to shareholders, describing the moves as part of Yahoo's turnaround efforts. "The board has concluded that in order to accelerate the Company's transformation, the combination of a new Chief Executive Officer with an enhanced team of independent directors would provide Yahoo with the expertise and perspectives necessary to drive innovation and growth going forward," Bostock said in the letter.