Items tagged with Yahoo

Verizon has made it official -- the company today revealed that it has mutually agreed to lower its purchase price of Yahoo by $350 million, bringing the total value of the deal down to $4.48 billion in cash. This follows a report from last week, which indicated that Verizon was seeking a $250 million to $350 million discount for the internet portal. “The amended terms of the agreement provide a fair and favorable outcome for shareholders,” stated Marni Walden, Verizon’s Executive Vice President and President of Product Innovation and New Businesses. For her part, current Yahoo CEO Marisa Mayer... Read more...
Everyone loves a discount, especially when that discount ranges in the millions of dollars. Verizon is reportedly trying to reduce the $4.83 billion USD price tag for Yahoo, Inc. by $250 million. The renegotiation is in light of Yahoo’s disclosures of past security breaches. Yahoo revealed three security breaches this past year. In May, the corporation disclosed that Russian hackers stole and traded on the black market information from more than 40 million Yahoo accounts. The information was mostly from American banking, manufacturing, and retail outfits. This past summer, a hacker known as “Peace”... Read more...
By now you might have heard that Yahoo is changing its name to Altaba following its sale to Verizon Communications, and that Yahoo CEO Marissa Mayer is stepping down from the company's board of directors. News of Yahoo's fate spread like wildfire last night after Yahoo posted a filing with the United States Securities and Exchange Commission (SEC) detailing the changes, though there are a few things that need clarifying. One of them is that Yahoo probably is not going to disappear.Let's back up a moment. Verizon agreed to purchase Yahoo's search engine and web properties for $4.83 billion back... Read more...
The growing consensus is that the U.S. government is overstepping its bounds and trampling on people's right to privacy. Former NSA contractor Edward Snowden blew the whistle on the government's vast spying program, and while that was an eye opener for the country (and world) at large, the full extent of its efforts are still coming to light. The most recent example is the email scanner Yahoo built under the direction of the NSA and FBI.Developed in secret, the email scanner was found to be a sophisticated hacking tool, or rootkit, as some experts have classified it. The email scanner gave the... Read more...
Let’s put it bluntly; it sucks to be Verizon right now. Back in July, the company announced its intentions to purchase Yahoo for $4.83 billion in an effort to “enhance [its] strategy of providing a cross-screen connection for consumers, creators and advertisers.” That paltry price tag was a relative bargain compared to the $50+ billion that Microsoft was rumored to offer for Yahoo earlier in the decade. However, not long after Verizon made its intentions known, it was rocked by the news that Yahoo executives sat on information that 500 million accounts had been hacked in 2014. Following these disclosures... Read more...
My phone just pinged. Did someone just like the Instagram photo of my dog? Is my Chipotle to-go order finally ready? Nope, I was one of the lucky one billion users whose Yahoo account was infiltrated by hackers, my personal information potentially compromised. This past November law enforcement provided Yahoo with files that a third party claimed was Yahoo user data. Yahoo then hired an outside forensics team, and established that the data did in fact belong to their users. According to Yahoo, “Based on further analysis of this data by the forensic experts, we believe an unauthorized third party,... Read more...
Yahoo is again catching fire over a security breach dating back to 2014 that compromised the accounts of 500 million users, though this time the criticism is aimed at Yahoo's lack of timely disclosure. The company fessed up earlier this week that at least some of its employees had knowledge that a cyberattacker backed by a foreign government had hacked into its systems. The disclosure is contained in a filing Yahoo made this week with the United States Securities and Exchange Commission (SEC). In it, Yahoo says it "had identified that a state-sponsored actor had access to the company’s network... Read more...
Yahoo can't seem to catch a break these days. At least one research firm predicts the company will report a double-digit decline in ad revenue when it reports earnings with the Securities and Exchange Commission. Coupled with the negative attention Yahoo has received over a massive security breach and the revelation that it built a sophisticated email scanner for the U.S. government to spy on its users, there's increasing chatter than the Verizon deal might be off. Verizon agreed to purchase Yahoo for $4.8 billion last July, but in the time that's passed since then and now, Yahoo's taken a beating... Read more...
Yahoo has turned back on the automatic forwarding feature for Yahoo Mail users after previously disabling the function as part of what the firm claimed was planned maintenance. It's sticking with that explanation, saying the temporary disruption was part of a broader upgrade to its email service that's been taking place over the course of the year.Image Source: Flickr (Rodrigo Paoletti) "Last week, we temporarily disabled the ability to add new automatic forwarding in Yahoo Mail. As of today, auto-forward is enabled again for all Mail users," said Michael Albers, VP of Product Management, Yahoo... Read more...
It's been a long time since I've read Dale Carnegie's "How to Win Friends and Influence People" but I'm pretty sure there isn't a chapter on holding people hostage. That's generally a bad idea, and so is Yahoo's decision to disable the forwarding feature for its email service, which effectively prevents Yahoo Mail users from hightailing it out of there with a note left behind for anyone that comes looking. As one Yahoo Mail user told the Associated Press, the timing here is "extremely suspicious." I don't disagree with that observation. Apparently Yahoo flipped the switch on its forward feature... Read more...
"Yahoo" is a positive word, but in relation to the internet giant, it's starting to feel like it could describe some of the company's key management. Yahoo has been dealing with some troubling issues, but most of those issues were self-created, such as failing to disclose a security breach which took place years ago, and building a custom tool for the U.S. government - and the NSA in particular - to scan user emails. Now, it's being reported that Yahoo's tool is in effect a sophisticated "hacking tool", although it's supposedly not that much different from Yahoo's preexisting tools used to... Read more...
Yahoo has recently been in the news for security breaches and invasions of user’s privacy. The company, however, has also experienced quite a bit of conflict from former employees. A recent lawsuit has accused Yahoo CEO Marissa Mayer, Megan Liberman (editor-in-chief of Yahoo News), and Kathy Savitt (former chief marketing officer) of purposely firing male employees due to their gender. The plaintiff is Scott Ard, now editor-in-chief of the Silicon Valley Business Journal. Ard served as head of editorial programming for Yahoo’s homepage for three and a half years. He stated that he had received... Read more...
The security breach that rocked Yahoo two years ago could end up costing the company and its shareholders a lot of money—$1 billion, to be exact. That's the amount Verizon wants discounted from its pending acquisition of the search and media giant after agreeing to the buy Yahoo for $4.8 billion. The deal has yet to be finalized. Verizon's plan was to mesh Yahoo with AOL, the latter of it purchased a year ago for $4.4 billion. However, AOL CEO Tim Armstrong may be looking at ways to back out of the deal after it came to light that Yahoo failed to disclose the extent of its security breach in a... Read more...
In the wake of a report outing Yahoo's email scanning program for the government, a handful of other major tech firms have gone on record saying they don't snoop your incoming messages for Uncle Sam. Those firms include Apple, Facebook, Google, Microsoft, and Twitter, four of which pretty much denied ever receiving such a request from the U.S. government. "We’ve never received a request like this, and were we to receive it we’d challenge it in a court. Separately, while federal law prohibits companies from being able to share information about certain types of national security related requests,... Read more...
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