I'll be glad to see them go under..
I'll be glad to see them go under..
Oh, that was a repeat, sorry.
But I'll be...
Sorry, I'll stop now.
Yahoo!'s planned sell-off of its core business may not end up bringing the cash return investors had hoped for. Citing sources familiar with the matter, The Wall Street Journal reports that Jerry and David's Guide to the World Wide Web is receiving bids of around $2-3bn on its core business, significantly less than the $4-8bn …
""Let the Bidding begin!
I bid $3.50 and a bag of M&Ms."
I bid $1.25 and one stick of chewing gum. And that's my final offer. Will anyone bid lower than me?"
I bid that I'll take it off their hands if they pay me a flat minimum of $10 million. That minimum prices goes up by 10% per day. The clock starts now.
First order of business once I'm in charge: track down all senior execs employed by Yahoo over the last 15 years and force them to pay back every penny of their salary and any bonuses, especially including all golden parachutes, on the grounds that as they did either no work or negative work, all of that money was stolen from the company. Second order of business: radical restructuring, with an eye towards restoring the company to long-term profitability. Note 'long-term'; the last 15 years have been dominated by short-term thinking, which is one of the major reasons why the company is in the shape it's in right now.
Maybe they (Yahoo) need to rip off the golden parachutes. I wonder how much the entire board gets if it's sold? Surely the buyer doesn't want to pay for everyone's parachute over and above the value of the company? Even at the rumored bid prices, I suspect it's just a tad (read as: way over) over valued.
Well, I'm about to become an ex-Yahoo :-)
It was a tad predictable that eventually it would all end in a buyout, but I shall miss the people. What did for Y! in the end was it's grinding bureaucracy, which made even the smallest change so painful. When you've attended a meeting with Filo where one of the 5 top topics was whether a Bangalore office needed two or three pieces of 500 dollar (second hand!) equipment, you can see why the management team never had the time to do their real jobs. When Marissa joined, one of her first actions was to demand to review the CV of everyone given a job offer: and this process went on for nearly a year. I think she fit right in :-(
"... in the end was it's grinding bureaucracy, which made even the smallest change so painful..."
Sort of the same sadness everywhere.
Procrastinating, instead of empowering.
Trashing, instead of repairing & building up.
Sh!#!ng the most, instead of starting the cleaning up.
'Cloud' builders. Good winds! Best wishes... </sarcasm>
No particular objection to the bean counters carefully looking over CAPEX. The trouble is more to the effect they both oversaw annual budgeting *and* then insisted on approving each line item as it came up. No real autonomy for any manager, who spent most of their time endlessly re-justifying the same decisions, which were often modified again :-(
"It's obvious Marissa Meyer needs to lean in a bit more at work."
Did she not demand an on-site nursery, but only for her children? It makes one wonder who has actually been running the company.
"Nanny, tell mummy to ask for eight billion dollars. I want to buy My Little Pony, I mean Hasbro."
Thinking of the minion dudes and dudettes working there.
Damaged merchandise could some feel. Are they really?
Bidders are for the patents, trademarks, shares...
But a company is not made of that.
A company is made of people.
What happened to them?
What we know for sure is that
Most than anything else, what's going to be trashed over the board, are the minions.
Simply because they where Yahoo!
[...Why didn't you mutiny when the ship was still savable?]
Anything else are just assets.
How typical. The company is going bust, the accounts are in the red, but never mind - the desk where the buck stops will see a bright day anyway.
Sorry, but from where I stand, you only get the rewards if the company is doing well.
And when the ship sinks, the CEO should be the first to feel the pinch. No bonus package for a botched sale.
But I'm daydreaming again. Nurse ! My medication ! In a glass of Glenlivet, as usual, my blood pressure is rising again.
Maybe they'd get more if they put it on eBay.
Some tips for the board:
Always start the bidding at 99p to garner more interest.
Go for a 10 day auction.
Never use a buy it now.
Make sure you take decent photos.
Answer questions put to you honestly.
Accurately explain why you're selling the item and the condition its on.
E.g. "Large Web 1.0 business for sale. Selling because we cant be bothered anymore, have other projects to complete but want offload the crap. May have slight scuffs and dents. In partial working order. Use for spare parts only."
I thought Marissa Mayer was rocking her job. She's taken a company which was in theory a tech company and turned it into an investment company that seems to have rocked the scene by investinting in Alibaba and thereby increasing the share value of the company. She also managed to make the company look like two separate organizations which should allow her to sell off everything that made Yahoo a tech company for far more than it's likely worth to any sucker willing to buy it. She then will make the shareholders a pile of dough, they'll have their investments traded for stock in a profitable tech company that will show returns. They will also maintain ownership of shares in the investment firm which owns a chunk of Alibaba and be even richer from that.
At what point in time did she fail as CEO? Is there anyone else that could have possibly shown a massive return on investment like she's about to?
BTW... Did the author of this article seem to think the CEO of a company was supposed to actually fix the company? Do you even have the slightest idea what the responsibility of a CEO is?
I'm a little confused as to what it is that yahoo does that is even remotely relevant anymore.
The only thing I can figure it is that they exist so that news agencies can write articles about their latest inability to make any money or sell a piece of themselves off. Is there anything else?
Google is winding down its messaging app Hangouts before it officially shuts in November, the web giant announced on Monday.
Users of the mobile app will see a pop-up asking them to move their conversations onto Google Chat, which is yet another one of its online services. It can be accessed via Gmail as well as its own standalone application. Next month, conversations in the web version of Hangouts will be ported over to Chat in Gmail.
A former Google video producer has sued the internet giant alleging he was unfairly fired for blowing the whistle on a religious sect that had all but taken over his business unit.
The lawsuit demands a jury trial and financial restitution for "religious discrimination, wrongful termination, retaliation and related causes of action." It alleges Peter Lubbers, director of the Google Developer Studio (GDS) film group in which 34-year-old plaintiff Kevin Lloyd worked, is not only a member of The Fellowship of Friends, the exec was influential in growing the studio into a team that, in essence, funneled money back to the fellowship.
In his complaint [PDF], filed in a California Superior Court in Silicon Valley, Lloyd lays down a case that he was fired for expressing concerns over the fellowship's influence at Google, specifically in the GDS. When these concerns were reported to a manager, Lloyd was told to drop the issue or risk losing his job, it is claimed.
Google has a fresh list of reasons why it opposes tech antitrust legislation making its way through Congress but, like others who've expressed discontent, the ad giant's complaints leave out mention of portions of the proposed law that address said gripes.
The law bill in question is S.2992, the Senate version of the American Innovation and Choice Online Act (AICOA), which is closer than ever to getting votes in the House and Senate, which could see it advanced to President Biden's desk.
AICOA prohibits tech companies above a certain size from favoring their own products and services over their competitors. It applies to businesses considered "critical trading partners," meaning the company controls access to a platform through which business users reach their customers. Google, Apple, Amazon, and Meta in one way or another seemingly fall under the scope of this US legislation.
After offering free G Suite apps for more than a decade, Google next week plans to discontinue its legacy service – which hasn't been offered to new customers since 2012 – and force business users to transition to a paid subscription for the service's successor, Google Workspace.
"For businesses, the G Suite legacy free edition will no longer be available after June 27, 2022," Google explains in its support document. "Your account will be automatically transitioned to a paid Google Workspace subscription where we continue to deliver new capabilities to help businesses transform the way they work."
Small business owners who have relied on the G Suite legacy free edition aren't thrilled that they will have to pay for Workspace or migrate to a rival like Microsoft, which happens to be actively encouraging defectors. As noted by The New York Times on Monday, the approaching deadline has elicited complaints from small firms that bet on Google's cloud productivity apps in the 2006-2012 period and have enjoyed the lack of billing since then.
Updated Another kicking has been leveled at American tech giants by EU regulators as Italy's data protection authority ruled against transfers of data to the US using Google Analytics.
The ruling by the Garante was made yesterday as regulators took a close look at a website operator who was using Google Analytics. The regulators found that the site collected all manner of information.
So far, so normal. Google Analytics is commonly used by websites to analyze traffic. Others exist, but Google's is very much the big beast. It also performs its analysis in the USA, which is what EU regulators have taken exception to. The place is, after all, "a country without an adequate level of data protection," according to the regulator.
Google Cloud's Anthos on-prem platform is getting a new home under the search giant’s recently announced Google Distributed Cloud (GDC) portfolio, where it will live on as a software-based competitor to AWS Outposts and Microsoft Azure Stack.
Introduced last fall, GDC enables customers to deploy managed servers and software in private datacenters and at communication service provider or on the edge.
Its latest update sees Google reposition Anthos on-prem, introduced back in 2020, as the bring-your-own-server edition of GDC. Using the service, customers can extend Google Cloud-style management and services to applications running on-prem.
Special report Seven months from now, assuming all goes as planned, Google Chrome will drop support for its legacy extension platform, known as Manifest v2 (Mv2). This is significant if you use a browser extension to, for instance, filter out certain kinds of content and safeguard your privacy.
Google's Chrome Web Store is supposed to stop accepting Mv2 extension submissions sometime this month. As of January 2023, Chrome will stop running extensions created using Mv2, with limited exceptions for enterprise versions of Chrome operating under corporate policy. And by June 2023, even enterprise versions of Chrome will prevent Mv2 extensions from running.
The anticipated result will be fewer extensions and less innovation, according to several extension developers.
The United Kingdom's Competition and Markets Authority (CMA) on Friday said it intends to launch an investigation of Apple's and Google's market power with respect to mobile browsers and cloud gaming, and to take enforcement action against Google for its app store payment practices.
"When it comes to how people use mobile phones, Apple and Google hold all the cards," said Andrea Coscelli, Chief Executive of the CMA, in a statement. "As good as many of their services and products are, their strong grip on mobile ecosystems allows them to shut out competitors, holding back the British tech sector and limiting choice."
The decision to open a formal investigation follows the CMA's year-long study of the mobile ecosystem. The competition watchdog's findings have been published in a report that concludes Apple and Google have a duopoly that limits competition.
Democrat lawmakers want the FTC to investigate Apple and Google's online ad trackers, which they say amount to unfair and deceptive business practices and pose a privacy and security risk to people using the tech giants' mobile devices.
US Senators Ron Wyden (D-OR), Elizabeth Warren (D-MA), and Cory Booker (D-NJ) and House Representative Sara Jacobs (D-CA) requested on Friday that the watchdog launch a probe into Apple and Google, hours before the US Supreme Court overturned Roe v. Wade, clearing the way for individual states to ban access to abortions.
In the days leading up to the court's action, some of these same lawmakers had also introduced data privacy bills, including a proposal that would make it illegal for data brokers to sell sensitive location and health information of individuals' medical treatment.
Spyware developed by Italian firm RCS Labs was used to target cellphones in Italy and Kazakhstan — in some cases with an assist from the victims' cellular network providers, according to Google's Threat Analysis Group (TAG).
RCS Labs customers include law-enforcement agencies worldwide, according to the vendor's website. It's one of more than 30 outfits Google researchers are tracking that sell exploits or surveillance capabilities to government-backed groups. And we're told this particular spyware runs on both iOS and Android phones.
We understand this particular campaign of espionage involving RCS's spyware was documented last week by Lookout, which dubbed the toolkit "Hermit." We're told it is potentially capable of spying on the victims' chat apps, camera and microphone, contacts book and calendars, browser, and clipboard, and beam that info back to base. It's said that Italian authorities have used this tool in tackling corruption cases, and the Kazakh government has had its hands on it, too.
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