Yahoo Is Yahoo Once More After New Owners Complete Acquisition (theverge.com) 79
Yahoo and AOL, formerly known as Verizon Media, have officially been acquired by their new owners and renamed as simply "Yahoo." The Verge reports: Verizon announced it was selling the properties to Apollo Global Management in May in a deal said to be worth $5 billion, around half of the nearly $9 billion the telecom giant originally paid for them, and a fraction of the hundreds of billions the two companies were worth at their peaks.
Yahoo will now be run by CEO Guru Gowrappan, and will operate as a standalone company under Apollo Funds. Apollo is a private equity firm that owns assets like crafts retailer Michaels, Chuck E. Cheese restaurants, and the Venetian resort in Las Vegas. "The close of the deal heralds an exciting time of renewed opportunity for us as a standalone entity," Gowrappan said. "We anticipate that the coming months and years will bring fresh growth and innovation for Yahoo as a business and a brand, and we look forward to creating that future with our new partners."
Yahoo will now be run by CEO Guru Gowrappan, and will operate as a standalone company under Apollo Funds. Apollo is a private equity firm that owns assets like crafts retailer Michaels, Chuck E. Cheese restaurants, and the Venetian resort in Las Vegas. "The close of the deal heralds an exciting time of renewed opportunity for us as a standalone entity," Gowrappan said. "We anticipate that the coming months and years will bring fresh growth and innovation for Yahoo as a business and a brand, and we look forward to creating that future with our new partners."
Meh (Score:4, Insightful)
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Re: Meh (Score:2)
Indeed, Yahoo is now less popular than men's double luge or Perl.
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You're feeding the troll.
What is the value of Yahoo? (Score:1)
And you propagated the troll's vacuous Subject. Meh indeed.
How about if someone designs a new computer language called "Troll"? Perhaps optimized for the control of zombie networks and the generation of spam email?
What interests me about this story is that the primary residual value of Yahoo is the value of the personal identities as defined by the Yahoo email addresses. And I personally feel trapped by some unknown but large number of validations linked to that email address.
It would take a lot of work to
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Really? A compiled language is THAT bad at processing text? The designers must not be interested.
I'm not sure I really trust your metrics, though, as one can do text processing in C++ at about the same speed as C, it just takes as much work as C does. Python at least has the advantage that it can handle unicode well, so depending on your use case it can be about as fast as either C or C++...or it can be a LOT slower. I've never done any text processing in Go, but it should be reasonable. As for LUA, we
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Agreed on the finance, though they've managed to make it worse recently. As they've done with much of their other content.
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I preferred AltaVista. I tried Yahoo, but it never found what I was looking for. (I see, though, that they've been bought by Yahoo, so they're probably useless now. But Google became more useful anyway. I just wish it could do more logic conditions.)
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Except that myyahoo was useful as a portal page until iGoogle came along, and then went away. Oh, and As of January 2020, Yahoo! Mail has 225 million users.
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"Yahoo Mail has 225 million active users per month"
From https://market.us/statistics/w... [market.us]
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Bing has been returning me some 10-ads-no-real-listing pages on some queries lately.
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So, you're one of the 12 people who uses Bing?
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Bing's not so bad compared to Google, and they give out 5 rewards points per search, so that ads up to a monthly $5 gift card to me.
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My question is whether they'd keep the AOL/AIM e-mail system up. AOL is currently redundant to Yahoo, and this new/old name seems to scare us AOL fans.
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Why would they consolidate them? Would it really be worth the expense?
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Yahoo! Finance is by far the least-awful news source for business news, especially stock market news. Everything else presents the perspective of the 1% as if it was fact.
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It was until they started wanting people to pay for "y!Finance+" to get what they used to get for free.
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https://www.yahoo.com/plus/fin... [yahoo.com]
You're whining about data for a script, not about the news service.
There are lots of available data providers, and if you're actually a stock trader you shouldn't complain about having to pay a small fee for that data. Doesn't your brokerage provide data for when you're looking something up by hand? If you're not making enough money to pay for your script's data, you have no business leeching that much data anyway.
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I love how you call a factual statement whining. They used to provide a ton more news for free...FACT. It used to be great because you could get all the news in one free location. BTW, we're paying for it with all of the ads. And yes, I've been trading since '82.
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NBA, Toyota, Comcast, CBS, customer, health, etc. care. :P
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You cared enough to make that troll post.
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Verizon announced it was selling the properties to Apollo Global Management in May in a deal said to be worth $5 billion, around half of the nearly $9 billion the telecom giant originally paid for them, and a fraction of the hundreds of billions the two companies were worth at their peaks.
Ah yes. The good old fashioned Buy high / Sell low.
More companies destroyed by corporate geed. Another reason why all corporate mergers and acquisitions should be prohibited. Although, admittedly, destroying Yahoo and AOL is not that great of a loss.
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Prohibition of M&A would be fantastically stupid. So in your world, being able to purchase a troubled company and turn it around in order to save that company and the jobs it provides, as well as support for it's existing customer base should be prohibited?
You think you want that, but you really don't.
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Agreed, but let's not feed the troll ACs
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My normal web connectivity test is "ping yahoo.com", putting me among their biggest regulars. Probably.
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Sure, as long as the 225,000,000 users don't check their email, not to mention the finance and fantasy sports.
And it still sucks (Score:2)
Click on a news article, get the first screen, figure out where to hit space to scroll, text fades halfway down with a box "click to continue". Which takes you to the original story.
Click on a news article, scroll past the video, see a video sidebar with a huge X over it, hit the huge X, back to the main screen.
Seriously, if yahoo finance wasn't so convenient I'd never visit the site again.
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Yahoo Finance is probably the crown jewel of the Yahoo brand. I wouldn't be surprised if that's one of the main reasons that Apollo bought it.
let me exclaim (Score:2)
Re: let me exclaim (Score:2)
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Re: let me exclaim (Score:2)
Yes it did have the ! but that is considered a relic from the late 1990s. This is also why you don't see a lowercase "e" prefixing names anymore.
Following current trends and not trying to look like a "has been" and all that.
And seemingly minor things do make a very big difference when marketing a product to the masses.
Yahoo has some interesting web properties (Score:3)
But the news that you get once you exit from mail in particular suck. Clickbait headlines, clickbait summaries, you click and you get presented a couple of paragraphs, then are asked to click again. Worse than Microsoft news that you get once you exit outlook.
Having said that, Yahoo finance, yahoo mail, and some of the news properties they got via AOL are interesting for a sort of recovery.
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It's all about fantasy sports (yay NFL time) and sports betting. That's the most important part of their entire portal.
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Fantasy sports, finance news. Those are the two things that people use Yahoo for still.
So it's actually kind of a good fit for a private equity firm that owns a massive Vegas casino property (Venetian / Pallazo in a very prime location in the middle of the Strip).
If you don't think that Yahoo isn't going to leverage that fantasy sports synergy into a sports gambling play, you're crazy.
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But the news that you get once you exit from mail in particular suck. Clickbait headlines, clickbait summaries, you click and you get presented a couple of paragraphs, then are asked to click again.
Yes, a lot of clickbait headlines. And auto playing videos. Ugh!
To avoid having to click multiple times to read the full news story, I always "Open Link In New Tab" when clicking on the story title. That takes me directly to the full article.
Worse than Microsoft news that you get once you exit outlook.
Having said that, Yahoo finance, yahoo mail, and some of the news properties they got via AOL are interesting for a sort of recovery.
If it wasn't for Yahoo Finance, I wouldn't be using Yahoo at all.
I feel it's still one of the better sites for following financial news, stocks, and charting.
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Yeah it's a site with a lot of potential, but really needs to be cleaned up. I would be happy to have a credible alternative to gmail as a mail service, for one.
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Yahoo USA should look at Yahoo JP for some inspiration. Yahoo JP absolutely crushes it, and their weather and transport apps are second to none. Their maps app is really good too; it shows more detail than Apple or Google maps, especially in certain locations like parks or gardens.
Start the music again (Score:2)
How long before the new owners start looking for someone else to unload it on?
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How long before the new owners start looking for someone else to unload it on?
As soon as they can, for 2.5 billion.
Re:Start the music again (Score:5, Funny)
Let Slashdot buy it, so we will not have to go anywhere for our news.
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Let Slashdot buy it, so we will not have to go anywhere for our news.
Brilliant - I almost lost the mouthful of spaghetti I had when I read your post! I wish I had mod points!
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Slashdot is going to buy it in a couple of years for 3 billion, the plan is to sell it later for 1 billion, makes perfect sense, ask the previous owners.
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If only! I'd love for us to be able to moderate their content.
So how do you Yahoo! ? (Score:2)
Almost as annoying as the Aflac commercials.
Between Yahoo, AOL, and Verizon... (Score:4, Interesting)
If Yahoo, AOL, and Verizon were the only names they had to choose from, I'd say they ran with the least hated one. Good job guys!
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Mod parent funny.
These days, (Score:2)
whenever I think of Yahoo, (which is damned seldom), I'm always reminded of AOL. The only thing Yahoo is missing are those shiny polycarbonate coasters.
Ya... (Score:2)
who?
AOL is now run on Yahoo servers (Score:3)
Even AOL email is now run on Yahoo servers.
There's practically nothing left of the legacy AOL. Even the AOL Client is just a facsimile of the olden days. No Buddy List or Instant Messaging, just the ability to use a telephone modem.
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No buddy list anymore.
It's actually pretty easy to use, and the integrated mail feature and chat are things users have always really, really liked.
Just don't visit any of the chat rooms unless you like your @aol.com address getting spammed the shit out of.
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I'll admit I made my phone's email notification AOL's "You've got mail!" because why not. AOL never made an Amiga client, so ran it via a software B&W Mac emulator on my Amiga, those were the days.
Another one got scrwed? (Score:2)
someone else trying to lose a few billions?
TIL, In the Business World (Score:2)
A conjioned pair of former tech giant husks is worth $5B to someone.
Tough life (Score:3)
Yahoo: shagged, fagged and Marissaed
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So the user data sharing continues?
CEO bonus for halving value of company (Score:2)
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There's another way to look at it: not being beholden to the sunk cost fallacy.
That previous valuation is over and gone. Current management has shown an inability or disinterest in turning it around, and decided it's time to get any residual value out while they can, and stop dumping money down the rathole of historic value. The other option is to shut it down and liquidate the hardware.
Personally, I think they went for a pretty good choice - let someone else try and turn it into something of value, while
Branding (Score:2)
Yahoo's sole value is in the brand. To people here on /. it's a piece of Internet history, to the muggles it is still a strong brand despite not actually fronting any sort of meaningful business (right now).
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Per my longer comment, I think the residual value is the personal identities linked to the Yahoo email addresses. The brand value of "Yahoo" is lower than that of "the former guy".
However the nuisance value of Yahoo spam email remains big as it ever was. As in negative bigness.
Ha. I win. (Score:3)
I never agreed to Verizon's new terms of service for Yahoo Mail and just clicked "later" or bypassed it some other way every time they displayed it.
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Ditto. Per my longer comment, do you know of anyone who has actually read the new ToS and explained the worst parts?
But now I'm wondering what you think you are winning?
Seems to me that Yahoo has become a sunk cost for all of us and we are all bleeding any time Yahoo consumes. The only potential value I can think of is that I may need to unlock an old account somewhere, where the account is linked to Yahoo email. That's predicated on the theory that I've suddenly decided that the information on that Yahoo-l
And nothing of value was gained (Score:2)