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Verizon takes a $5 billion writedown for its Yahoo and AOL purchases
It was easy to predict that Verizon would end up regretting the $10 billion or so that it had invested in AOL and Yahoo. The two companies used to define the internet, but by the time the phone company bought them, they were long past their prime. [...]

Now Verizon has formally acknowledged that it, too, can’t turn AOL and Yahoo around and has written off $4.6 billion of the money it spent buying the two properties. The playbook from here on out calls for a series of staff cuts and asset sales, followed by more writedowns, followed by more cuts, etc.
internet  yahoo  aol  business 
5 weeks ago by terry
Oath will soon be rebranded as Verizon Media Group - The Verge
- what is more interesting is how Verizon changes management approach (presumably after losing Tim Armstrong)
aol  verizonmedia 
10 weeks ago by renaissancechambara
Yahoo, Bucking Industry, Scans Emails for Data to Sell Advertisers - WSJ
Web giant analyzes more than 200 million inboxes for clues about what products people might buy—a practice much of Silicon Valley has declared off-limits
advertising  privacy  email  Yahoo  AOL  dataprotection 
august 2018 by corrickwales

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