Yahoo CEO Marissa Mayer will step down from her role with the company following Yahoo’s sale to Verizon, it was announced today. Mayer has been CEO of Yahoo since she moved from Google in 2012.
Early this morning, slowly dying wireless carrier Sprint announced that it has bought a 33 percent stake in Tidal, Jay Z’s nearly-dead streaming music service. The deal should bring free or discounted access to Tidal’s service to all of Sprint’s customers, in return for a much-needed cash injection for Tidal, and a seat on Tidal’s …
If you need a gift idea for the holiday season, you can now buy small, powerful, rare earth magnets known generally as Buckyballs. Once regulated and banned because of the danger they pose to kids— they can cause very serious injuries requiring surgery— the magnets are now available for purchase again, following a ruling by …
LINE became the biggest tech company to enter the US stock market this year as its shares soared 30% above issue price in early New York trading. Buying these shares is something you should not do. Yes, messaging is a hot space and no, there aren’t many messaging apps companies you can invest in. But …
Given that all airlines are in the business of strapping people into seats and transporting them from A to B, I’ve always found it surprising that budget airlines can do the same thing for a third of the price of big carriers, and still make a profit. How do they make it work? As Wendoverproductions …
The original revelations from the Panama Papers leak were handled by a select group of news organizations. But if you’ve ever wanted to delve into the financial goings-on of the rich and famous, the entire trove of documents relating to 200,000 accounts is now online, in a handy searchable database no less. The Offshore Leaks Database …
Exorbitant CEO salaries is an issue that has increasingly come under microscopic scrutiny in recent years. While many believe that CEO compensation packages have inexplicably skyrocketed, some, like JP Morgan Chase CEO Jamie Dimon, have casually dismissed the notion altogether. In the tech world in particular, where the importance and pressure of making decisive and strategic …
Amidst a flurry of new product announcements, Apple last week introduced a new iPhone Upgrade Program that allows users to pay for a new device over the course of 24 months for as little as $32/month. Though not the cheapest program around, Apple’s program does come with AppleCare+ which, depending on your perspective, might make it rather …
Sony on Thursday reported a net loss of $3.2 billion in the fourth quarter of 2011 to close its fourth straight year in the red. The electronics and entertainment giant struggled throughout the year, reporting an annual loss of $5.7 billion, the worst in the company’s 66-year history. Sony’s factories and supply chains were plagued …
Following a rough holiday quarter for the nation’s No.4 carrier, T-Mobile on Thursday reported results for the first quarter of 2012. Adjusted OIBDA was up 7.2% from the first quarter last year to $1.27 billion and average revenue per user grew to $58 from $56 in the year-ago quarter. The carrier still saw significant contract …
