June 27, 2013 |
Taking an aggressive swing at the growing short-term fantasy sports market, a New York-based venture capital fund dropped $25 million into a fledgling Los Angeles start-up this week. TopLine Game Labs , which is hunting for a permanent office space in west Los Angeles, hopes to release a weekly fantasy football game in time for the coming season. The company is led by David Geller, the head of Yahoo's successful fantasy sports division until a year ago. “One of things we saw at Yahoo is that in the season-long games, 50% to 60% of the audience is no longer in contention by midseason,” Geller said.
June 19, 2013 |
Fascination with beards and mustaches takes many forms; some people grow them, others are attracted (or repulsed) by them, a few win championships with them, and others write about them at just about every chance they get. And, chances are, some mustache aficionados ("mustachianados?") are searching for the upper-lip strip of face furniture on the Internet right this very second. Well, quite a few, actually, according to Yahoo's search data. According to the company, which sends out occasional "what's spiking" emails, over the last month, the 'stache-curious users of its search engine have put the mustache on the must-search list.
June 18, 2013 |
Yahoo became the fourth major tech company to disclose how much government data requests it gets, following a report that alleged the tech companies are involved in a government surveillance program known as PRISM. Chief Executive Marissa Mayer said Yahoo received between 12,000 and 13,000 government requests between December 2012 and the end of May. The bulk of these requests were for criminal investigations, including homicides and kidnappings. "Like all companies, Yahoo! cannot lawfully break out FISA (Foreign Intelligence Surveillance Act)
June 12, 2013 |
Days before summer arrives, Yahoo is launching a spring cleaning. The Web services provider plans to delete all usernames that haven't been used in the last year, hoping to free up highly sought after email addresses for its more regular customers. “If you're like me, you want a Yahoo! ID that's short, sweet and memorable like firstname.lastname@example.org instead of email@example.com ,” Jay Rossiter, Yahoo's senior vice president for platforms, said in a post on Tumblr , which Yahoo recently acquired for $1.1 billion.
May 25, 2013 |
Yahoo Inc., fresh off its $1.1-billion deal this week to acquire personal blogging site Tumblr, got in line Friday to pick up video streaming site Hulu. The late bid by the cash-rich Internet portal giant came on the same day that the Santa Monica company received bids from private equity firms KKR & Co. and Silver Lake Management, said people familiar with the matter. For its bid, Silver Lake teamed up with powerful Hollywood talent agency William Morris Endeavor, said the people, who did not want to be named because the bidding process was confidential.
May 24, 2013 |
The list of potential suitors for Hulu keeps getting longer. On Friday, Yahoo submitted a bid for the online video site co-owned by entertainment giants News Corp., Walt Disney Co. and Comcast Corp. Also jumping into the fray are private equity firms KKR & Co. and Silver Lake Management, which is teaming up with the powerful Hollywood talent agency WME Entertainment. Silver Lake owns a minority stake in WME. Silver Lake and KKR declined to comment on the matter. WME did not respond to a request for comment.
May 22, 2013 |
This week's flashy redesign of Flickr shifts the Yahoo-owned photo-sharing website away from subscription revenue and more toward ad revenue. But Yahoo also could look to monetize another Flickr feature: printing hard copies of photos. Flickr reached a deal with printing service Snapfish in 2009 that made it easy for users to order photos on paper and other items such as mugs and clothing. Several other services use Flickr's data stream for free to make prints, though only Snapfish is integrated into the website.
May 21, 2013 |
SAN FRANCISCO - To punctuate his company's $1.1-billion purchase by Yahoo Inc., Tumblr co-founder and Chief Executive David Karp let loose in a blog post with a celebratory expletive. It was classic Karp, a 26-year-old high school dropout who built one of the Web's most popular outlets for personal expression. It was also a clever way to send a message to Tumblr users: It may have been bought out - earning Karp about $275 million - but Tumblr was going to stay irreverent.
May 21, 2013 |
When Google went public in 2004 for $85 a share, I wrote a column questioning such a high valuation for a company built on a math equation. Wasn't it inevitable that someone would come along with a better search algorithm? Google closed Monday at $908.53 a share. So take what I'm about to say with a pinch of cyber-salt. Yahoo is paying $1.1 billion for the blogging service Tumblr, which enjoys a loyal following among millions of young, cool, edgy and influential users, but little, if any, profit.
May 20, 2013 |
After the coffee. Before going through two weeks' worth of mail. The Skinny: Well, I didn't win the Powerball lottery, which means I'll be heading back to the office today after a long trip to New York. Ask me around Thursday if it's good to be home. Monday's headlines include a recap of the weekend box office, Yahoo's purchase of Tumblr and the question of whether there are clouds over Warner Bros. movie chief Jeff Robinov. If you are so eager for the Morning Fix that you must know exactly when it is available online, please send me a note . Daily Dose: Now that the upfronts are over, everyone around town will start scrambling to see the pilots for all the new shows.