Steve Huffman and Alexis Ohanian leaving Reddit
Steve Huffman and Alexis Ohanian have announced that they would leave the company that manages the popular online social bookmarking service Reddit.
They are the founders of the service along with Chris Slowe who is staying with the company.
Reddit is now owned by Condé Nast which acquired [...]
AOL could be worth just around USD 4.2 billion
When Google acquired a stake in AOL a few years ago, the valuation was set at around USD 20 Billion.
Times have changed. Google has moved on. And Time Warner is planning to get rid of AOL by making it an independent entity.
Market analysts have claimed [...]
Taobao.com aims to become a global giant!
Taobao.com is mostly known as the eBay of China.
The company has now revealed that they are aiming to have 1 billion global users shopping on the site in 10 years.
They currently serve around 25 million shoppers each day.
Interestingly, the company currently has no concrete plans [...]
Microsoft to hire around 400 Yahoo employees
Microsoft and Yahoo recently announced their collaborative deal on search engine technologies.
The deal would see Microsoft Bing powering Yahoo Search.
As a part of this deal, around 400 Yahoo employees would move to Microsoft.
This comes to around 3% of all Yahoo workers.
Microsoft already has around 91,000 employees [...]
AOL to focus on core strengths for revival
AOL Chief Executive Tim Armstrong has said that the company has the potential to survive and become profitable even after it is spun out of Time Warner.
He is asking the investors to hold on to their stock in the company to reap the benefits in the coming [...]
Wi5 Wi-Fi service launched in Chennai by Zylog Systems India
Zylog Systems India has announced the launch of their Wi5 wireless internet service in the Chennai city.
The company said that this service launch has made Chennai the first Wi-Fi enabled city in the country.
They are using mesh network architecture to provide seamless wireless internet connectivity to [...]
Tim Morse is the new CFO of Yahoo
US based internet media giant Yahoo has announced the appointment of Tim Morse as their new Chief Financial Officer.
He comes to Yahoo from chip maker Altera.
He is taking over the job profile left vacated by Blake Jorgensen.
Blake Jorgensen had left Yahoo after the appointment of Carol Bartz as [...]
Time Warner plans to spin off AOL
Time Warner has revealed their plans to spin off internet division AOL.
The company revealed some of the details about their upcoming plans in documents submitted to the Securities and Exchange Commission.
Time Warner has hinted in the past that they wanted to separate AOL from their core operations.
Company [...]
Microsoft still interested in Yahoo deal
Microsoft has said that they still see a lot of value in collaboration with Yahoo.
Microsoft has no intentions of acquiring Yahoo however.
Microsoft CEO Steve Ballmer said: “I have said many times that we no longer are interested in acquiring Yahoo, but we’d see the potential to create real [...]
eBay to ban sale of ivory products on its service
US based online auction service eBay has announced that starting next year sellers would not be able to offer ivory products on its web services.
The company wrote in a blog post that this decision was taken to ensure the protection of African and Asian elephants.
eBay had [...]
