The malware attack that took advantage of Yahoo’s Java-based ad network around Christmas Eve was far greater than anticipated, the company confirmed in a post (via CNET) on its help web pages. Initially believed to have affected only European users on January 3, 2014, the malware ad attacks were then said to have occurred during December 31, 2013 – January 3, 2014. But Yahoo on Friday revealed the attack actually took place between December 27, 2013 – January 3, 2014, and affected users outside of the European Union as well. More →
A few days before CES 2014, security researchers discovered that Yahoo was unknowingly distributing malware via the ads displayed on its home page, with as many as 2 million European users at risk of having been infected in the four days hackers exploited holes in the company’s Java-based ad network. Some of the affected computers were transformed into improvised Bitcoin miners to gather the cryptocurrency for the hackers responsible. Yahoo was not very forthcoming about the issue, and it only offered limited details about the attack, without specifying how many users were infected or helping any of them deal with the matter, The Guardian reports. More →
Yahoo CEO Marissa Mayer on Friday posted an apology on Yahoo’s official Tumblr blog for the extended Yahoo Mail issues that affected many users for several days last week starting with December 9. In a lengthy message, Mayer said that the company experienced a “major outage” last week, without providing actual details about the hardware outage that crippled the Yahoo Mail experience for users – the issue was described as a “particularly rare one,” with various users being affected differently. More →
Yahoo on Wednesday finally fully acknowledged on Twitter and on the service’s personal blog that its Yahoo Mail service is experiencing issues which some of its customers had to face for more than two weeks, ZDNet reports. According to the company, an unknown number of users were not able to send and receive emails since November 25. Similar problems for other Yahoo Mail customers started on Monday, although the company only briefly mentioned these issues via Twitter a day later. “We know some of our users are unable to use Yahoo Mail,” the Yahoo Mail team wrote on December 10. “We’re on it and trying to restore access in a few hours. Sorry for the inconvenience.” More →
Bing may not be making any money for Microsoft but it seems to be doing wonders for Yahoo. Bloomberg reports that Microsoft’s payouts to Yahoo in exchange for using Bing as its search engine accounted for 31% of its revenue last quarter, a surprisingly high number given that Yahoo before would only say that the Bing payouts accounted for more than 10% of its revenue. The 31% of revenue figure is also surprising because of a report we read in The Wall Street Journal earlier this year that claimed Yahoo CEO Marissa Mayer was itching to back out of the Bing deal because “Yahoo’s revenue per search has been worse under the Microsoft deal than when it operated its own Web-search technology and advertising system.”
In addition to Yahoo Mail, Yahoo will add extra layers of personal data protection to all its services in the coming months in an effort to safeguard the privacy of its customers, Yahoo CEO Marissa Mayer announced in a blog post. Mayer reminded users that Yahoo Mail will get HTTPS (SSL – Secure Sockets Layer) encryption with a 2048-bit key by January 8th, 2014 and revealed that all other Yahoo services will get the same treatment by the end of March 2014. More →
Yahoo has been acquiring companies left and right since former Google executive Marissa Mayer became the company’s chief executive. Mayer has emphasized the importance of mobile, noting that it is the company’s future and focus. And it seems that Yahoo’s latest purchase will help the company further compete with Google and Apple, as the company announced on Wednesday that it has acquired mobile advertising startup Admovate. More →
When Marissa Mayer took over as CEO of Yahoo last year there was some hope that she would bring more focus to a company that had long been adrift and without clear goals. Wired’s Ryan Tate, however, notices that Yahoo under her reign has actually become “more bloated” by paying $1.1 billion for blogging service Tumblr and $30 million for news digest app Summly. What’s more, the company has put itself in the mix to buy a stake in Hulu by reportedly bidding between $600 million and $800 million, so it doesn’t seem as though the company exactly has a laser-like focus on one particular area these days. More →
So how much will it take for Yahoo to buy itself a stake in Hulu? According to a new report from AllThingsD, at least $600 million. Citing “numerous sources close to the situation,” AllThingsD reports that Yahoo is bidding between $600 million and $800 million for Hulu, a range that reflects the fact that Yahoo “has proposed several different prices based on a variety of circumstances” including “the length of the licensing rights for content and how much control the programming companies selling Hulu have over their media.” More →
Yahoo is apparently determined to show that it can do more than pay $1.1 billion for a bunch of teenage girls’ blogs. Unnamed sources tell Bloomberg that Yahoo has submitted an offer to buy video streaming website Hulu, a sign that the company is still considering ways to counter the enormous video streaming clout that Google now holds with YouTube. Yahoo was interested in buying a majority stake in French video streaming website Dailymotion earlier this year but that deal fell apart after the French government reportedly threatened to block it. In making an official bid for Hulu, Yahoo will be competing with Time Warner Cable, which is considering buying a 33% equity stake in the company. It’s unknown at this point whether Yahoo’s bid for Hulu will just be for a similar shared stake or if it plans to be more aggressive and buy a majority stake in the firm.
Yahoo turned some heads this week when it announced that it was paying $1.1 billion to buy blogging platform Tumblr, but this isn’t the first time it has spent at least $1 billion to acquire another company. As NPR points out, Yahoo has bought several companies over the past 15 years that it has valued at $1 billion or higher, including most famously its $3.7 billion acquisition of GeoCities in 1999. Other failed Yahoo acquisitions include the $5.7 billion it paid for multimedia website Broadcast.com and the $1.63 billion it paid for search advertising pioneer Overture. In fact, all of these acquisitions make the $30 million that Yahoo paid for Flickr back in 2005 seem like a relative success story, since Flickr is still an operational service that the company is still pouring resources into. That said, when Flickr is seen as the best-case scenario for a Yahoo acquisition, it’s easy to see why Tumblr users are nervous.
After a number of newspapers and blogs wrote about Yahoo’s now-confirmed $1.1 billion acquisition of popular blogging platform Tumblr, users were angry. The world has no idea what Yahoo has in store for Tumblr, of course, but the Internet giant’s reputation has many users worried. So much so, in fact, that some have already begun to defect. According to WordPress CEO Matt Mullenweg, Tumblr users are switching to WordPress in droves. In a recent blog post, Mullenweg says WordPress typically imports between 400 and 600 Tumblr posts per hour, but during a one-hour period on Sunday as news of the imminent deal spread, that figure climbed to 72,000. Yahoo confirmed the $1.1 billion deal on Monday, and it is expected to announce further details during a press conference in New York on Monday evening. Yahoo’s full press release announcing the acquisition follows below. More →
Yahoo has apparently had enough of Bing powering its searches. An unnamed source tells The Wall Street Journal that Yahoo has been “quietly trying to find a way out of its struggling Web-search partnership with Microsoft… but has so far failed in that effort.” The Journal’s source says that Yahoo CEO Marissa Mayer, a former Google executive, has been trying to free the company from the search deal ever since she took over last year but that Microsoft has been unwilling to cooperate. Mayer wants to scrap Yahoo’s Bing deal because “Yahoo’s revenue per search has been worse under the Microsoft deal than when it operated its own Web-search technology and advertising system,” the Journal writes.