Tag - Marissa Mayer
Yahoo is continuing to find life difficult, reporting weak earnings in its first quarter results while being scrutinized for a possible acquisition by a number of parties. The former web giant's CEO Marissa Mayer claims the quarterly financials are "in line with our expectations," despite the company managing to endure a net loss of $99 million, a year-on-year swing of $122 million from the same quarter last year.
Several US technology executives -- including Apple's Tim Cook, Google's Larry Page, Facebook's Mark Zuckerberg, Microsoft's Satya Nadella, and Yahoo's Marissa Mayer -- have published an open letter as a part of the Reset the Net anti-surveillance campaign. The letter complains that the USA Freedom Act -- which recently passed through the House of Representatives -- still permits bulk collection of Internet metadata, despite promises by the White House and Congress to halt the practice. The executives are also asking for the flexibility to publish more detail about the quantity and types of government requests they get for customer information.
Yahoo CEO Marissa Mayer, who has worked diligently to turn around the veteran search engine's fortunes with some success, is planning on appealing to Apple to make Yahoo's search engine the default choice on the Mac and iOS. Currently Apple offers Yahoo as a option for search, but uses Google as a default (and Bing to power Siri inquiries). Mayer may seen an opportunity to advance Yahoo's already-friendly relationship with Apple, given its fight with Google over Android and patents.
Yahoo has installed a new leader for Flickr, with Google's managing director of product management for Zagat transferring to the company. The addition of Bernardo Hernandez to Yahoo to replace the resigned Brett Wayn is the latest ex-Google employee to take a prominent position in the company under the leadership of Yahoo CEO and early Googler Marissa Mayer.
In the latest step of CEO Marissa Mayer's plan to turn around popular but stagnating Internet giant Yahoo, the company's board has reportedly approved a $1.1 billion acquisition of the social sharing site Tumblr. The board met on Sunday to discuss the acquisition, which appears to have been a foregone conclusion due to the fact that Yahoo had already scheduled a Monday event on Friday. The company is expected to announce the acquisition at that event.
Yahoo chief Marissa Mayer has picked up $1.12 million bonus for meeting performance targets, reports Bloomberg. As Mayer only joined Yahoo in July of 2012 from Google, where she was one of its top executives, the payment was made on a pro-rata basis. Since joining Yahoo, Mayer has helped to drive its stock price up over 40 percent, while also helping Yahoo to its first sales increases in the past four years.
Yahoo announced today that it had acquired OnTheAir, a five-person video chat startup company, in a deal meant to improve Yahoo's mobile communications capabilities. The financial terms of the deal were not disclosed, but Yahoo did say that OnTheAir's team would be integrated into Yahoo's mobile group. The acquisition is seen by some observers as part of a continuing effort on the part of Yahoo CEO Marissa Mayer to improve the company's ability to compete in the mobile sector.
Yahoo CEO Marissa Mayer appears to be tightening up operations as she plots a new course for one of the world's larger Internet companies. Reports hold that Mayer is cutting down on traditional holiday vacation hours and implementing a number of cost-cutting and efficiency-raising measures, including cutting up to 12,000 of the company's employees. Mayer has already eliminated the end-of-year "week of rest" for most employees, and the company is said to be developing a new performance evaluation regime aimed at identifying its least productive workers.
Yahoo announced today that Ken Goldman would be joining the company as chief financial officer, effective October 22. Golman will be following departing CFO Tim Morse, who has been with the company since June 2009. In welcoming Goldman, Yahoo CEO Marissa Mayer praised his more than 30 years in financial planning and guidance, hailing him as an ideal choice "as we enter our next phase of growth."
According to emails collected by Business Insider, CEO Marissa Mayer has offered every Yahoo employee a new Apple, Samsung, Nokia, or HTC smartphone. The plan, called "Yahoo! Smart Phones, Smart Fun" is intended to provide employees with the same class of device that Yahoo users are using.