After 20 years at the heart of the web, Yahoo is all but done, with a sale expected soon and talent fleeing as fast as it can. CEO Marissa Mayer's plan to turn things around involve buying 50 startups. What happened to them? Read the rest
Would it be a fitting end, for one of the first and greatest of the American web's dreams, to be eaten by the most infamous of British tabloids?
The parent company of the Daily Mail, the British newspaper and global tabloid website, is in talks with several private-equity firms to launch a bid for Yahoo, the people said. ... A possible bid by Daily Mail could take one of two forms, the people familiar with the matter said. In one scenario, a private-equity partner would aim to acquire the entirety of Yahoo’s U.S. operation, with the Mail taking over the news and media properties. Those assets include verticals such as Yahoo Finance and Yahoo Sports plus Yahoo News and a video operation whose big star is Katie Couric. Yahoo has been retrenching in those businesses—in February the company closed seven digital magazines including sites dedicated to food, parenting and health. In the other scenario, the private-equity firm would acquire Yahoo and merge its media and news properties into a new company that would include the Mail’s Web properties, DailyMail.com and Elite Daily, the people said. The Mail would run that business and would get a larger equity stake than under the first scenario.
Yahoo's core business is hard to value because of holdings in successful foreign companies such as Alibaba. At one point, its fortunes were so dire that squinting at it just right made the company seem to have negative value. More recently, an analyst put it at $4.3 billion. Read the rest
The company says it's not policy to do this -- yet -- but they're testing locking Yahoo Mail users out of their accounts unless they turn off ad-blocking. Read the rest
Darryl Anka telepathically channels a space alien from the future named Bashar who lives on the planet Essassani; on this basis, he has claimed many copyright infringements in the creations of Tumblr's GIF artists. Read the rest
Why would a CEO be so tone-deaf as to call a mass-firing a "remix?" Because the only audience that matters today are shareholders, not the public. Read the rest
During Monday's Cybersecurity for a New America conference in DC, Yahoo's Chief Information Security Officer Alex Stamos stood up and had an intense verbal showdown with NSA director Mike Rogers about the NSA's plan to ban working crypto, in which the nation's top spook fumfuhed and fumbled to explain how this idea isn't totally insane. Read the rest
In some ways, it's the inevitable outcome of Google's increased focus on Chrome and Yahoo's increased focus on getting anyone, anywhere to care about it before it runs out of money. Read the rest
A stunning new Snowden leak reveals that the UK spy agency GCHQ harvested images and text from millions of Yahoo video chats, including chats in which one or both of the participants was British or American. Between 3 and 11 percent of the chats they intercepted were sexual in nature, and revealing images of thousands of people were captured and displayed to spies. The programme, called OPTIC NERVE, focused on people whose usernames were similar to those of suspects, and ran from at least 2008 until at least 2010. The leak reveals that GCHQ intended to expand the programme to Xbox 360 Kinect cameras and "fairly normal webcam traffic." The programme was part of a facial recognition research effort that GCHQ compared to "Tom Cruise in Minority Report." While the documents do not detail efforts as widescale as those against Yahoo users, one presentation discusses with interest the potential and capabilities of the Xbox 360's Kinect camera, saying it generated "fairly normal webcam traffic" and was being evaluated as part of a wider program. Beyond webcams and consoles, GCHQ and the NSA looked at building more detailed and accurate facial recognition tools, such as iris recognition cameras – "think Tom Cruise in Minority Report", one presentation noted. Read the rest
Brian Krebs has located and published a sales pitch from a hacker who has found a zero-day exploit allowing him to steal cookies from Yahoo webmail users, granting access to their accounts.
“I’m selling Yahoo stored xss that steal Yahoo emails cookies and works on ALL browsers,” wrote the vendor of this exploit, using the hacker handle ‘TheHell.’ “And you don’t need to bypass IE or Chrome xss filter as it do that itself because it’s stored xss. Prices around for such exploit is $1,100 – $1,500, while I offer it here for $700. Will sell only to trusted people cuz I don’t want it to be patched soon!”
Web startups are made out of two things: people and code. The people make the code, and the code makes the people rich. Code is like a poem; it has to follow certain structural requirements, and yet out of that structure can come art. But code is art that does something. It is the assembly of something brand new from nothing but an idea.
Yahoo announces that Jerry Yang has resigned from the internet company's Board of Directors "and all other positions with the company, effective today." Yang has also resigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited, effective today. Yahoo's official statement is here.
Photo: Co-founder and former CEO of Yahoo! Inc. Jerry Yang applauds during the announcement of a commitment pledge at the Clinton Global Initiative in New York September 22, 2010. (REUTERS) Read the rest