Yahoo Plans To Cut 15 Percent Of Workforce, Reports $4.5B Writedown On Tumblr, Americas And Europe

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 Yahoo confirmed plans today to lay off approximately 15 percent of its workforce. The company made the announcement in conjunction with its its fourth quarter earnings, where it reported revenue of $1.27 billion and earnings per share of 13 cents. That’s ahead of revenue estimates — had analysts had predicted revenue of $1.19 billion and EPS of 13 cents. The Wall Street… Read More Read more »

Gmail Now Has More Than 1B Monthly Active Users

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 During its earnings call, Google today announced that Gmail now has more than 1 billion monthly active users. That’s up from 900 million the company announced during its I/O developer conference last May and up from 425 million in 2012. With this, Gmail joins six of Google’s other popular projects, including Search, Chrome, Android, Maps, YouTube and Google Play that all also have… Read More Read more »

If At First Your Acqui-Hire Sucks, Try Again

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 It took back-to-back acqui-hires for me to learn there’s a right way and a wrong way to do them. We had made it. Despite running low on money and having little traction, my company was acqui-hired by Yahoo in October of 2013. I was thrilled to have a large salary at a well-respected company. Seventeen months later, I was laid off. Read More Read more »

YouTube Gaming For Android Gets A “Cardboard Mode” For More Immersive Viewing

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 YouTube Gaming, Google’s answer to Twitch, is trying to stay ahead of the curve by adding new functionality quickly. One such feature is only available for Android right now, and it’s a “Cardboard Mode” that allows you to watch any video with a theater-type big-screen setting feel. Read More Read more »

Atlassian Closes Up 32%, Valuing The Company At $5.8B

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 Potentially the last tech IPO of the year ended its first day of trading with a bang. Atlassian, a maker of collaboration and software development tools, ended the day up about 32%. With that rise, Atlassian — which raised money at a $3.3 billion valuation before going public — is now worth nearly $6 billion, making it one of the strongest IPOs of the year. Atlassian’s… Read More Read more »

Yahoo Is Reportedly Not Going To Spin Off Stake In Alibaba

 Yahoo is not going to spin off its 15% stake in e-commerce giant Alibaba, according to sources cited by CNBC. Instead, Yahoo is going to look into selling its core Internet business. Yahoo’s core business includes its web properties, apps, search, media, ad business, etc. Just yesterday, Verizon’s chief financial officer, Fran Shammo, said Verizon could potentially look at… Read More Read more »

With Launch Of FindTime, Microsoft Outlook Users Get Their Own Built-In Meeting Scheduler

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 Microsoft released a new tool today designed to give Outlook users an easier way to schedule meetings. Called FindTime, the add-in is one of the more practical applications to be released from Microsoft Garage – the company’s internal R&D initiative where a number of apps and services are trialed to see what consumers may respond to and are willing to try. With FindTime, the… Read More Read more »

Overstock.com Down 6% On 3rd-Quarter Earnings

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 Overstock.com reported third quarter earnings after the bell Monday. The Utah-based discount e-tailer reported a quarterly loss of 8 cents per share or $2.1 million, down from $1.6 million in profit last year. Overstock brought in $391.2 million in revenue, an 11% increase year-over-year, but beneath the Yahoo Finance analyst estimate of $401.6 million. A 9% increase in total orders coupled with… Read More Read more »