Tag Archives: Yahoo!
Yahoo! Board To Review Scott Thompson’s Inaccurate Bio
Yahoo! CEO Scott Thompson was caught red-handed for lying about his resume on his bio at Yahoo! and at PayPal. He claimed to have an Accounting and Computer Science degree from Stonehill College. However he actually just has an Accounting degree from there.
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Categories Dan Loeb, Scott Thompson, Yahoo!
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Dan Loeb Confirms Yahoo! CEO Scott Thompson Did Not Have A Computer Science Degree
Dan Loeb of Third Point is known for his proxy battle against Yahoo!’s board of directors. Recently in a letter to Yahoo!’s board of directors, Loeb wrote that Yahoo! CEO Scott Thompson has inaccurately added a computer science degree to his resume. Yahoo! confirmed that Loeb is right and they called it an “inadvertent error” according to AllThingsD.
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Categories Dan Loeb, Patti Hart, Scott Thompson, Third Point, Yahoo!
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Microsoft Hires 14 Yahoo! Researchers
Microsoft Corporation has hired 14 researchers from Yahoo! including Duncan Watts. Microsoft plans to open a research lab in New York and place several of the researchers there including algorithmic economist David Pennock, who will oversee day-to-day lab operations. Machine learning researcher John Langford will also join.
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Categories David Pennock, Duncan Watts, Microsoft Corporation, Yahoo!
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Yahoo! Adds Counterclaims and Two More Patents In Lawsuit Against Facebook
Yahoo! has filed five counterclaims designed to invalidate the patents cited in Facebook’s patent infringement countersuit against them. If the court system agrees with Yahoo!’s counterclaims, Facebook would likely be forced to settle by paying Yahoo! in cash and stock. Yahoo! claims that after they sued Facebook for patent infringement, Facebook bought patents “for purposes of retaliation,” which don’t meet the U.S. Patent Office’s “Duty of Disclosure, Candor, and Good Faith.”
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Categories Facebook, Yahoo!
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Yahoo! Slightly Beats The Streets This Quarter
Yahoo! Inc. has beat Wall Street’s estimates in their first quarter earnings report today with revenues of $1.08 billion. This is a 28% gain from a year ago. Analysts were expecting Yahoo! to report revenues of $1.06 billion.
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Categories Scott Thompson, Yahoo!
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Yahoo! Reorganizes Management and Divisions
Yahoo! CEO Scott Thompson has sent out a memo about how the company is splitting into three core groups: media, connections, and commerce. Ross Levinsohn will head media and Shashi Seth will head connections. It is unknown who will run commerce. Sales will be split into different regions and ad technologies will be their own group. Corporate and operations will remain the same. Below is the memo:
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Categories Scott Thompson, Yahoo!
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Yahoo! Chief Product Officer Blake Irving Quits
Yahoo! chief product officer Blake Irving has decided to quit the company. It was not because of the recent 2,000 employee layoff because Irving’s resignation has been in the worlds for a while. Irving’s departure comes at a time that Yahoo! CEO Scott Thompson decided to try and sell parts of the business that would otherwise be under Irving.
Categories Blake Irving, Yahoo!
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Facebook Acquired A Few Patents To Fight Back Yahoo!
Facebook is countersuing Yahoo! with 10 patents of their own. Two of the 10 patents originate from the company. One was acquired on March 30, 2012, two were acquired on February 1, 2010, and another two were acquired December 8, 2011. The other three patents are still being recorded at the U.S. Patent and Trademark Office as being owned by New York University.
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Yahoo! Laying Off 2,000 Employees
“Today’s actions are an important next step toward a bold, new Yahoo! — smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require,” stated Yahoo CEO Scott Thompson. “Unfortunately, reaching that goal requires the tough decision to eliminate positions.”
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Categories Scott Thompson, Yahoo!
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Facebook Files Lawsuit Against Yahoo!
Last month Yahoo! filed a lawsuit against Facebook that claimed Facebook’s News Feed, ads, and privacy settings infringed on their patents. Today Facebook has filed a countersuit against Yahoo! through 10 of their patents. Facebook said that Yahoo!’s Flickr photostream and their recent activity feature infringes a Facebook patent that is related to generating a personalized feed of stories on a social network. ”While we are asserting patent claims of our own, we do so in response to Yahoo’s short-sighted decision to attack one of its partners and prioritize litigation over innovation,” stated Facebook general counsel Ted Ullyot.
Categories Facebook, Flickr, Ted Ullyot, Yahoo!
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