Yahoo announced that the layoff of more than 20 percent of its workforce by the end of 2023. The tech company said it would eliminate 1,000 positions by the end of this week, the company said in a statement on Feb. 9. A total of more than 1,600 employees are expected lose their jobs in these…
Indonesia Blocks Yahoo, Paypal, Gaming Websites Over Licence Breaches
July 30, 2022
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Asia & PacificbreachesBusiness & MarketsCompanieseconomic policiesgamingIndonesialicenceMedia & Big TechPayPalTechWorldYahoo!
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JAKARTA—Indonesia has blocked search engine website Yahoo, payments firm Paypal, and several gaming websites due to failure to comply with licensing rules, an official said on Saturday, sparking a backlash in social media. Registration is required under rules released in late November 2020 and will give authorities broad powers to compel platforms to disclose data…
Yahoo Appoints Hollywood Actress Jessica Alba to Board
Yahoo on Monday named six people from the tech, media, and financial industries to its board, including Hollywood actress Jessica Alba, as the company aims to diversify its offerings to compete with bigger players. Yahoo, which sprung up during the age of desktop PCs hooked up to dial-up internet connections, has been looking to grow…
This Day in Market History: Mark Cuban Sells Broadcast.com to Yahoo!
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On April 1, 1999, Yahoo! acquired Broadcast.com for $5.7 billion. Where The Market Was The Dow finished the day at 9,832.51. The S&P 500 finished at 1,293.72. What Else Was Going On In The World? In…
Yahoo Japan Tells Employees to Work Remotely and Fly to Office When Needed
Yahoo Japan is offering employees an option to work from anywhere in the country, said the company recently, as the pandemic irrevocably and fundamentally alters the global work landscape. The internet company informed its 7,100 employees that they don’t need to regularly come to the office, and in circumstances when they are required to, they could…
Why Are Foreign Tech Firms Pulling out of China?
November 4, 2021
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Asia & PacificBusiness & EconomyChinaChina Business & EconomyChinese RegimeCompaniesForeign technology firmsInternationalpulling outTechTech NewsWorldYahoo!
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HONG KONG—Yahoo Inc. is leaving the China market, suspending its services there as of Monday amid what it says is an “increasingly challenging” business and legal environment. Foreign technology firms have been pulling out or downsizing their operations in mainland China as a strict data privacy law specifying how companies collect and store data takes…
Food Buying Frenzy in Eastern China
A sexual assault allegation takes the Chinese internet by storm. One of China’s biggest sports players is accusing a former top official of sexual misconduct. Reports say people in China are stocking up on essentials, while Chinese state-owned media outlets are spreading fake news about Taiwan, saying island residents are panic-buying over fear of a…
NTD Business Full Broadcast (Nov. 2)
President Joe Biden on Tuesday unveiled a new plan to slash methane emissions in the United States. What’s his goal and who will it impact? Facebook is removing most facial recognition technology from its platform. What’s the reason? And what does it mean for your account? Yahoo is completely quitting the Chinese market as the…
Yahoo Pulls Out of China Over ‘Increasingly Challenging’ Environment
November 2, 2021
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Asia & PacificBusiness & EconomyChinaChina Business & EconomyChinese RegimeCompaniesFinance & Business TiesSpecial TopicsTechTech NewstechnologyUSUS NewsUS-China relationsWorldYahoo!
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Yahoo has shut down its services in mainland China, becoming the second Western tech giant to pull the plug on China over the past month. The company stopped providing content for mainland Chinese users as of Nov. 1, according to a statement from its official website. “Products and services remain unaffected in all other global…
Yahoo Names Tinder Top Boss as CEO
Yahoo on Friday named dating app Tinder’s boss Jim Lanzone as its chief executive officer, just days after Apollo Global Management Inc. completed its purchase of the online media company from Verizon Communications Inc. Apollo on Sept. 1 closed its $5 billion acquisition of Verizon Media and renamed it Yahoo after Verizon’s iconic digital brand….
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