Alibaba shares valued at $40B to be spun into own company
Yahoo's quarterly financial results reveal it has marginally missed market estimates, but it still managed to improve on the last quarter, bringing in $1.18 billion in revenue after traffic acquisition costs (TAC), with a $0.30 non-GAAP earnings per share. The company also revealed it's intentions to spin out the last of its Alibaba stake, a move designed to prevent it from paying out a large amount of tax.
Yahoo switch not mandatory
Mozilla has released Firefox 34, the latest version of its multi-platform web browser. As promised last month, the update makes Yahoo the default search engine. People upgrading from a previous version, however, are only being prompted to switch engines in a pop-up message; clicking "Later" leaves Google search in place.
Google mostly compliant, with exception of notifying publishers of removal
This week has been a busy one for Europe's "right to be forgotten" stricture. Not only have Yahoo and Microsoft's Bing launched the mandated efforts for users, but the European Commission has also issued guidance to the search engines on how to handle requests. The guidance is similar to what Google has implemented, but there may be some issues ahead, as the document published by the commission takes issues to search engines warning site operators when a page with information is delisted, potentially stirring up old issues and bringing more attention to the deleted content.
Companies look to exploit end of Google contract
Yahoo and Microsoft are courting Apple in hopes of becoming the default search provider for the Safari web browser next year, a report says. Apple renewed a mapping and search partnership with Google in 2010, but that contract is set to expire next year, which could give other companies an entry point. Both Yahoo and Microsoft executives are said to have approached Eddy Cue -- Apple's senior VP for Internet Software and Services -- about a potential deal. So far, though, there's no sign that Apple has made a decision, and indeed it could choose to remain with Google.
Cooliris and BeamIt continue to work 'for the time being,' no details on acquisition given
Another acquisition by Yahoo was announced late last week, building on a long string of pick-ups under the leadership of CEO Marissa Mayer. The newest company coming into the Yahoo fold is Cooliris, a developer known for its mobile photo-aggregator application Cooliris for Mobile and the recently launched BeamIt Messenger.
Five-year partnership ends decade long deal that made Google the default Firefox search
Mozilla made a major announcement today, letting the world know that its 10-year default search relationship with Google is coming to an end. However, that doesn't mean Mozilla is ending the idea of a default search provider for its free browser. In Google's place, Mozilla struck a new partnership with Yahoo to make its Bing-powered search the default in US copies of Firefox.
Sale of Alababa Group shares generate $6.3 billion, mobile now material
Yahoo released its third quarter financial results for 2014, stating that it pulled in approximately $1.15 billion in revenue to beat estimates. Analysts estimated that Yahoo would produce $1.04 billion in revenue, with an earnings per share of $0.30. While the revenue is good news for the company, it's due in large part to the $6.3 billion net of tax the company generated from the sale of shares of the Alibaba Group.
Yahoo software development center in Bangalore affected by layoffs
Yahoo is letting go of a number of employees based in India, it has been revealed. A software development center in Bangalore is said to be the only location being affected by company's layoff announcement today, as Yahoo attempts to consolidate its overseas offices down in order to become more efficient to run in the long term.
MessageMe application shuts down in November, team working on Yahoo products
Yahoo is quickly putting the money it earned from the Alibaba IPO to work, as it was announced last week that the search company acquired social texting service MessageMe. Details of the acquisition weren't announced, but according to the confirmation from MessageMe, the deal appears to be negotiated strictly for the talent behind the platform.
Directory, Education and Qwiki to be shuttered to better align with company vision
In the last two years, Yahoo has made a large number of changes to its core business, acquiring more than 40 companies to bolster various division of the company or open new areas of business. However, the company also ended more than 60 products in order to refine its vision since coming under the leadership of CEO Marissa Mayer. To that effect, Yahoo states three other products are coming to the end of their lives, as Yahoo Education, Directory and Qwiki will be closing down before 2015.
Search company said to have purchased Docspad developer for upwards of $15 million
Yahoo's stream of acquisitions doesn't appear to be slowing down any time soon, as a new pick up was reported today. The Economic Times and the Times of India are both reporting that the one-year-old startup Bookpad was purchased by the search company. TechCrunch confirms that Yahoo purchased Bookpad after a spokesperson issued a statement to the publication.
Newly released documents shed light on 2008 FISC hearings
Reports have surfaced that search engine Yahoo (and possibly others) were threatened by the US government to comply with PRISM surveillance requirements, or face a $250,000 per day fine in 2008. While Yahoo fought the demand through the US Foreign Intelligence Surveillance Court of Review, it ultimately lost and complied with the order, which paved the way towards mass surveillance of Internet users.
In-image advertising service shutting down, payouts still coming by end of September
Yahoo made another pickup in the advertising sector last week, acquiring the in-imaging advertising company Luminate. The advertising company announced the acquisition on its webpage, noting that services would be winding down effective September 3, with any reminding earnings or balances remaining to be returned by the end of September.
Recommendation system gathers data to suggest venues based on location 'stations'
Yahoo continues its trend of buying up startups with the news that the search company has acquired Zofari. Zofari, which is positioned to be the Netflix or Pandora for local recommendations, announced on its website that the startup was acquired by Yahoo to work an undisclosed project. The purchase went relatively unnoticed until TechCrunch reported on it earlier today.
United Airlines updates iOS app, expands international flight check-in feature
United Airlines has released an update for its iOS app, offering a new trial feature that expands the ability to check-in for international flights. Users can scan their passport for international check-ins, or verify existing stored passport data if the user is already logged in the system. Version 2.0.16 also includes a fix for a bug regarding extra flight status cards. The app is free to download through iTunes, and requires iOS 6.0 or later to run.
Deal rumored to be worth at least $300 million, could rapidly grow Yahoo's mobile business
Yahoo could be looking for aggressive growth in its mobile platforms, as reports from Recode and TechCrunch indicate that the search company is acquiring mobile analytic and advertising startup Flurry. While official news of the deal has yet to be announced, sources say that the news is expected to come in later today.
Company is 'not satisfied,' with results, declining display ad revenue to blame
Yahoo posted its second quarter 2014 results yesterday, indicating shrinking revenues from the same quarter in the previous year. The quarter, which ended on March 31, saw a decline in revenue due to disappointing results from display ad revenue. CEO Marissa Mayer realizes that there is still work to do in some areas, as the company looks toward a "unified approach" to advertising.
Service sends out notes after user passes away, cleans up personal data on Internet
Yahoo Japan launched an interesting service this week, one that gives people an option for deleting part of their digital lives once they reach the end of their physical ones. The service, called Yahoo Endings, offers users some basic services like will-writing, but also sends goodbye notes and deletes personal information from Yahoo.
Israeli startup to be a part of Yahoo's cloud team, join research center in Tel Aviv
Yahoo announced last week that it is acquiring the Israel-based video streaming startup RayV for an undisclosed sum. The company will help Yahoo build on its video offerings, giving the company the technology it needs as it looks forward to video content for the future, says the search engine. The deal first made its way across the tech industry as a rumor back in May.
A handful of services are ending so Yahoo can focus on its four core areas
Yahoo announced today that it will be consolidating and shutting down a number of services to better fit with its mission statement. The company will shutter several services in the near future, and either integrate some of those features into other software or see the services' existence ended altogether. Shutting the little-used services down allows Yahoo to focus on the company's four core areas.
Weather Channel supplying more tech, data than Yahoo
The shift from Yahoo to the Weather Channel for iOS 8's Weather app is the result of a "very crafty deal" by Weather Channel CEO and former Yahoo board member David Kenny, says Re/Code. Yahoo has long been Apple's partner for iOS weather, even though all it's been doing is repackaging the Weather Channel's raw information. To entice Apple to cut out the middle partner, the Weather Channel is said to have offered things it wasn't offering Yahoo, including a nine-day forecast, a conditions summary, and more "weather specificity" related to a user's location.
Flickr users forced to link new, existing Yahoo IDs to account
Yahoo is going to remove the ability to sign into Flickr using a Google or Facebook account at the end of this month. E-mails have been sent to users of the photo hosting service warning them that they will be forced to log in using only a Yahoo ID from June 30th, as part of a wider move by Yahoo away from third-party authentication to just using its own account system.
Football match to take one-year break from Roman numerals
Apple has joined with some of its allies and rivals over a common cause: bringing the 50th Super Bowl football game to the new Santa Clara Stadium in 2016. Apple, Google, Gap, Hewlett-Packard, Intel, Seagate, Virgin America and Yahoo have all pledged $2 million to help offset the public costs of the event, such as security and youth groups, to alleviate the burden on taxpayers. By coincidence, 2016 is also the year Apple expects to complete its new, $5 billion headquarters, known as "Campus 2."
Asks for limits to government surveillance
Several US technology executives -- including Apple's Tim Cook, Google's Larry Page, Facebook's Mark Zuckerberg, Microsoft's Satya Nadella, and Yahoo's Marissa Mayer -- have published an open letter as a part of the Reset the Net anti-surveillance campaign. The letter complains that the USA Freedom Act -- which recently passed through the House of Representatives -- still permits bulk collection of Internet metadata, despite promises by the White House and Congress to halt the practice. The executives are also asking for the flexibility to publish more detail about the quantity and types of government requests they get for customer information.
Pulls data directly from Weather Channel
As of iOS 8, Apple has stopped using Yahoo as the data source for the iOS Weather app, users note. The app now lists The Weather Channel as a source instead. Yahoo was already pulling its own data from TWC, but Apple appears to have cut out Yahoo for business and/or technical reasons.
Deal sees Blink employees fold into Yahoo, app removed from marketplaces
Blink, a mobile app that features self-destructing messages much like Snapchat, has announced that it has been acquired by Yahoo. A statement from the company provided few details indicating that the app would be shut down in the coming weeks on both Android and iOS platforms.
Google, Facebook, Amazon among coalition asking for FCC to reconsider net rules
A coalition of technology companies have co-signed a letter to the Federal Communications Commission (FCC) over its net neutrality proposals. Signed by over a hundred Internet companies, including Google, Microsoft, Facebook, Twitter, Yahoo, and Amazon, the letter asks the FCC to reconsider what the companies claim "represents a grave threat to the Internet."
At least $3 billion headed to Yahoo stake purchased in 2005
Chinese search engine monolith Alibaba filed an initial public offering (IPO) prospectus on Tuesday. If predictions are accurate, the IPO will raise more than $15 billion, and very well could pass the technology IPO record set by Facebook at $16 billion before the offering is complete, with a large percentage of the funds raised headed to Yahoo.
Search engine turns focus from privacy concerns to personalization
Last week, Yahoo announced that it would no longer be honoring Do Not Track requests from browsers accessing the search engine and associated services. The move comes as the company attempts to provide a more personal experience to users, bringing policies in line with other companies that ignore Do Not Track requests such as Facebook and Google. This comes as a reversal to previous statements made by the company, which claimed to be "the first major tech company to implement Do Not Track."
CEO to make pitch to Apple to make Google search optional
Yahoo CEO Marissa Mayer, who has worked diligently to turn around the veteran search engine's fortunes with some success, is planning on appealing to Apple to make Yahoo's search engine the default choice on the Mac and iOS. Currently Apple offers Yahoo as a option for search, but uses Google as a default (and Bing to power Siri inquiries). Mayer may seen an opportunity to advance Yahoo's already-friendly relationship with Apple, given its fight with Google over Android and patents.
Results see increased migration to mobile, decreasing price per ad
Yahoo has released its first quarter earnings report, with mixed successes. The company posted revenue of $1.13 billion for the first quarter of 2014, a one percent decrease from the first quarter of 2013. Net earnings for the first quarter of 2014 was $312 million, a 20 percent decrease compared to $390 million in the first quarter of 2013. However, search revenue climbed to $445 million from $425 million in the year-ago quarter. Paid clicks increased six percent, with an eight percent increase in price per click.
TransferWise money transfer app now available for Android
London-based startup TransferWise has launched a native Android app, allowing users to transfer money between currencies. A peer-to-peer service, TransferWise facilitates direct money transfers to users in other countries. Six months earlier, TransferWise had released an iOS native app, with the "app" for Android users available on Google Play until today being only a shortcut to its website. Free to download, TransferWise for Android is compatible with Android 2.3 or later.
eBay, Amazon, HP, Oracle near bottom of major corporations
In terms of datacenters, Apple has scored the top position on a new Greenpeace list of the most environmentally-friendly high-tech businesses. The company is the only one with a 100 percent figure on Greenpeace's "clean energy index," since its datacenters are completely free of any dependence on coal, nuclear power, or natural gas. It also has an "A" score under categories of Energy Transparency, Commitment & Siting Policy, and Deployment & Accuracy. It achieved a B in terms of Energy Efficiency & Mitigation.
Acquisition could lead to YouTube competitor from Yahoo
Yahoo could be looking to acquire video service News Distribution Network for $300 million, according to a report. The acquisition, which is said to be in preliminary talks at the moment, could lead to Yahoo CEO Marissa Mayer taking on her previous employer by creating its own video sharing service similar to the currently-dominant YouTube.
First migration related to NCAA basketball tourney bracket selection
Adding to the list of substantive changes by the new CEO, Yahoo will stop the practice of letting users access Yahoo services by signing in with Google or Facebook login information. The migration will happen gradually, with the ultimate goal of 100 percent of services requiring a Yahoo account over the next year.
Automated facial recognition performed on webcam stills by UK security agency
The British security intelligence agency GCHQ secured millions of photographs from webcams used with Yahoo's chat services, a report alleges. The agency is claimed to have captured and stored images from more than 1.8 million users in one six month period in 2008 alone, with the surveillance activities said to have continued from 2008 to 2010, though it is possible the program continued for years afterward.
Companies want easier time recouping legal fees
A collection of companies -- including Apple, Google, Yahoo, Intel, Cisco, and Facebook -- are asking the US Supreme Court for measures to help deter frivolous patent lawsuits, Bloomberg reports. In particular, the companies are seeking to change the language used to determine when a defendant can claim coverage of legal fees from a plaintiff. The current standard allows coverage only if a suit is ruled "objectively baseless" and filed in bad faith.
FISA requests detailed in agreement with US government
A group of tech companies have released more information about government requests from the NSA and other agencies for user information, as part of their transparency reporting programs. Google, Facebook, LinkedIn, Yahoo, and Microsoft have all posted more statistics online for these Foreign Intelligence Surveillance Act (FISA) requests, following an agreement between the companies and the US Department of Justice (DoJ).
Affected users notified by e-mail, SMS to change password
Yahoo email users seem to be the most recent victim of mass data theft. The search engine, in a security update posted today, claims to have "identified a coordinated effort to gain unauthorized access to Yahoo Mail accounts." The company then took action on behalf of its users, prompting them to reset passwords on the breached accounts.
iOS app soon to become unavailable
Donna developer Incredible Labs has been acquired by Yahoo, according to an official announcement. Most of the company's seven workers will be taking jobs at Yahoo. The Donna iPhone app, however, will soon be pulled from the iOS App Store.
Despite drop, income climbs year-over-year to $348.2 million
Yahoo's quarterly financial results once again suffered from decreasing online advertising prices. For the fourth consecutive quarter, Yahoo revenue fell -- dropping six percent to $1.266 billion. Net income rose to $348.2 million, up from the $272.3 million in the same quarter a year ago.
No comment by Yahoo or De Castro on reasons behind premature exit
Early Marissa Mayer Yahoo hire Henrique de Castro is leaving the search engine's employ after 15 months on the job. A memo to Yahoo staff claims that Mayer has fired the executive and restructured the upper management of the company. Neither Yahoo nor de Castro have commented on the reasons behind the departure.
Up to six different malware packages installed by merely viewing an ad
Users visiting Yahoo's homepage over the last several days have been exposed to Java-based malware through the Yahoo advertising network. Researchers have claimed that advertisements holding the malicious code were displayed nearly 300,000 times per hour. No click was required to trigger the code -- merely visiting the site displaying the malware-laden ad was sufficient for attack on machines with active Java plug-ins installed.
Yahoo developing natural language digital assistant
Yahoo is working on its own voice-controlled digital assistant to rival that of Google Now and Apple's Siri, according to a new report. Android Police revealed on Wednesday a video that appears to show a Yahoo-branded personal assistant app running on an Android device. Sources familiar with Yahoo's plans say that the web giant will leverage its massive existing user base and various services to push out a service comparable to Apple and Google's offerings.
On the agenda are NSA surveillance, Obamacare, income inequality
President Obama is spending part of December 17 in conference with an assortment of Silicon Valley executives in order to "address national security and the economic impacts of unauthorized intelligence disclosures." On tap to meet at the White House are Apple CEO Tim Cook, Yahoo President and CEO Marissa Mayer, Google Executive Chairman Eric Schmidt, AT&T Chairman and CEO Randall Stephenson, and 11 others.
Yahoo Mail issue claimed to be harder to fix than initially believed
Yahoo has acknowledged that a number of users were not able to access Yahoo Mail for part of this week, with the company apologizing for the outage on the official blog. The mail downtime commenced on Monday, with the company claiming to have fixed the issue for the majority of affected users last night, though support teams are apparently still working on some loose ends.
Yahoo snaps up another app team for video features
Internet giant Yahoo has acquired yet another small company, this time QuikIO, which provided cross-platform video streaming services, as well as an app for Apple's iOS platform. Pando Daily confirmed the acquisition this week, pointing out that the service will be shutting down by December 31 of this year. The acquisition is the latest in a string that has seen Yahoo snapping up smaller companies as it attempts to retool for a push to regain mindshare in the coming months.
Agents infiltrate World of Warcraft
Eight tech giants, including industry competitors Apple, Google and Microsoft, have joined forces to demand reforms to the US government's surveillance tactics. In an open letter sent to President Barack Obama and members of Congress, the companies argue that current surveillance practices, as detailed in ongoing leaks from former National Security Agency staffer Edward Snowden, have created an imbalance "too far in favor of the state and away from the rights of the individual-rights that are enshrined in our Constitution."
Four-member startup joins Yahoo Labs team for language processing work
Yahoo is continuing its trend of buying companies, and has announced possibly its last acquisition for this year. The search company has confirmed its purchase of SkyPhrase, a startup that is working on processing natural language requests, for an undisclosed amount, with the company's small team of four employees being integrated into the Yahoo Labs team in New York.
Yahoo Screen includes news, music, various TV shows
Apple has silently added two new app channels to the Apple TV interface. The first, PBS, grants access to some of the public broadcaster's TV shows. Yahoo Screen incorporates live news, events, and music, as well as original Yahoo programs, and content from third parties like The Daily Show, ABC News, and Saturday Night Live.