Items tagged with (NASDAQ:YHOO)

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 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...
Says it ain’t so, Yahoo. As if Yahoo doesn’t have enough trouble on its hands with the revelation that 500 million users accounts were compromised in a 2012 hack (that number could actually surpass 1 billion users according to recent reports), a new report suggests that Yahoo provided a helping hand to the U.S government’s spying efforts. Yahoo is accused of building a custom scanner that snooped through the email accounts of millions of unsuspecting customers. The scanner was designed and built under the direction of two of the United States’ top intelligence gathering agencies: the National Security... Read more...
To call this a stressful time for Yahoo would be an understatement. As the company is in the process of being scooped up by Verizon, it's also dealing with the aftermath of what could become the largest security breach in all of history - at least in terms of users impacted. We reported last week that the company was slapped with a class action suit a mere day after it was discovered that upwards of 500 million user accounts were affected in a security breach. Today, an insider and former Yahoo exec claims that the real number could be double that - cue diabolical pinky finger to mouth: 1 billion (Or... Read more...
Yahoo is getting ready to disclose a data breach that exposed account details for at least 200 million users. While nothing is yet official on Yahoo's part, the forthcoming disclosure is likely related to a security breach earlier this summer that Yahoo previously said it was investigating. Since then, a cybercriminal who goes by the name "Peace" has been selling the data on the dark web for $1,800.Peace, who has been linked to other high profile security breaches, claims the data includes usernames, passwords that are easy to decrypt, and personally information such as birth dates, email addresses,... Read more...
Surprise, surprise, Yahoo has been hacked AGAIN. This time, 200 million Yahoo accounts are supposedly being shopped around for 3 bitcoins, or roughly $1,800 USD. A hacker known as Peace has listed the alleged credentials of Yahoo users on The Real Deal marketplace. He had been trading the data privately, but decided to go public on the dark web. Peace is also supposedly responsible for selling recent dumps of MySpace and LinkedIn accounts. Yahoo has yet to confirm the security breach. The company stated, “We are aware of a claim...We are committed to protecting the security of our users’ information... Read more...
Yahoo has some ‘splaining to do. A judge in an appeal case for a drug trafficker recently ordered Yahoo to present a witness and provide documents explaining how the company recovers deleted emails. According to Yahoo’s policies, deleted emails are not recoverable. The appeal will decide the fate of Russell Knaggs of Yorkshire, England. In 2009 Knaggs was the ringleader for a plan to import five tons of cocaine from South America. A dealer in Colombia and one in Europe would communicate with one another through an email account “slimjim25@ymail.com”. One would write a “draft” and the other would... Read more...
Business is good over at Verizon. So good, in fact, that the nation's largest wireless carrier announced that it's entered into a definitive agreement to purchase Yahoo for approximately $4.83 billion in cash, the company confirmed this morning. Around this time a year ago, Verizon was closing its acquisition of AOL for $4.4 billion. "Just over a year ago we acquired AOL to enhance our strategy of providing a cross-screen connection for consumers, creators and advertisers. The acquisition of Yahoo will put Verizon in a highly competitive position as a top global mobile media company, and help accelerate... Read more...
It's good computing practice to change your passwords every now and then, and also after a major hacking incident. The latter is why you should considering changing your Gmail or Yahoo password at your earliest convenience—over 272 million online accounts have been stolen and are being traded in Russia's underground market. Researchers from Hold Security told Reuters that it found a Russian hacker gloating in a web forum that he had stolen a larger number of online credentials. His cache of compromised accounts totaled 1.17 billion, though many of them were duplicates. After eliminating redundant... Read more...
Verizon, the "Can you hear me now?" company (to quote an older marketing slogan), has major aspirations of makings its go90 streaming video service a big time money maker. To help accelerate those plans, Verizon is looking into making a purchase offer for Yahoo, provided the price is right and everything checks out.There's no offer in place at the moment, though Verizon is pretty serious about its interest in Yahoo. So serious, in fact, that it's tasked Tim Armstrong, CEO of its AOL subsidiary, in leading the charge on this one. Armstrong is one of Verizon's prized employees who's helped close... Read more...
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