There was a time when AOL was on track to becoming the biggest media empire in the world (in 2000 AOL bought Time Warner for $182 billion). There was a time when Yahoo was synonymous with the World Wide Web (in 1999 its market cap was $125 billion). Today Verizon managed to get fifty cents on the dollar for the two 1990s relics. The buyer, who paid $5 billion for both properties, is Apollo a "private equity firm that owns the Venetian resort in Las Vegas and crafts retailer Michaels,' reports The Verge. "Apollo co-founder Leon Black recently stepped down as Chairman, soon after it was revealed that he paid more than $150 million to Jeffrey Epstein."
China's Ant Group plans to sell off its U.S.-based biometric security firm EyeVerify, which identifies you by scanning your eyeballs. The sale comes as tension grows between Beijing and Washington over how and where sensitive user data is hosted, the Financial Times reports. From Reuters: EyeVerify, based in Kansas City, Missouri, designs eye verification technology… READ THE REST
RIP, NRA. Thoughts and prayers. The National Rifle Association has filed for bankruptcy, and the organization will legally move from New York to Texas, with plans to operate as a non-profit. The NRA lists assets and liabilities between $100 million and $500 million each, and its bankruptcy petition is signed by Wayne LaPierre. Here's the… READ THE REST
New U.S. unemployment numbers out today are bad, and it's because the pandemic is surging after the holidays. "The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs," reports AP: The latest figures for jobless claims,… READ THE REST
While it never hurts when your company name becomes a verb, but there's a lot more to Google than a simple web search. Sure, Google's search engine is also the engine that powered the firm into its current position as one of the 10 most valuable companies in America, but the company has spent the… READ THE REST
While smartphones and other devices have reached world-class heights for capturing images and even video at up to stunning 4K quality, they still leave a lot to be desired in the audio department. That's because while companies have engaged in a two-decade arms race to constantly one-up each other for the biggest, best camera available,… READ THE REST
It's no wonder so many adults are fascinated by world travel. From the time we're small children, living in a world that often doesn't extend far beyond our home, family, and neighborhood, the thought of all the amazing places on planet Earth with their fantastic views, incredible wildlife, eye-opening customs, and more is magical. It… READ THE REST