Chief Yahoo Marissa Mayer looked pretty damn chipper as she took the stage in a small room overlooking Times Square, late yesterday afternoon.
Technically, the press had gathered for the announcement of a revamped Flickr. (It’s biggr! It’s spectaculr!) An entire lounge had been papered over with giant images pulled from the service, and in the square below a mob of T-shirt-wearing fans/paid actors were jumping up and down and hollering and waving Flickr signs in celebration.
But with David Karp slouched in the front row, it was clear this was about more than the addition of full-bleed photos to a decade-old service. Read More
You could wrap yourself in a grey hoodie, but there’s no way to avoid the David Karp-Marissa Mayer PR charm offensive. Taking a breaking from reading US Weekly to moms, ABC News’ Good Morning America had the pair on earlier today to discuss their “match made in digital heaven.” Anchor George Stephanopoulos breathlessly proclaimed the $1.1 billion deal “could change” the way we use the Internet and labeled Mr. Karp as a “hipster high school dropout” before introducing them for an in-studio interview. Read More
In Pride and Prejudice, before achieving her happy ending with Mr. Darcy, Lizzie Bennett receives a marriage proposal from Mr. Collins, a toadying little man who offers a lifetime of a) stability and b) teeth-grinding annoyance. She turns him down, and her friend Charlotte promptly snaps him up. A 27-year-old woman of limited means in 18th century England, she’s realistic about her options and grabs her best bet with both hands.
Let’s not kid ourselves that Yahoo! is anything other than a Mr. Collins. Read More
The official announcement just hit the newswires. Yahoo has acquired Tumblr for $1.1 billion, “substantially all of which is payable in cash.” Because really, who wants to bet on the stability of Yahoo’s stock price?
In the press release, CEO Marissa Mayer tries desperately to explain the acquisition in any way she can besides admitting Yahoo wants to drink the blood of the young: ”Yahoo is the Internet’s original media network. Tumblr is the Internet’s fastest-growing media frenzy. Both companies are homes for brands – established and emerging.” Read More
Guess Marissa Mayer was sick of hearing about whether her truncated maternity leave was good for women. The Wall Street Journal reports that, if you can manage to work at Yahoo and remain upbeat about life enough to reproduce, you’ll now benefit from new-and-improved perks for new parents (though Google’s is still better). Read More
NYC-based non-incubator Betaworks has acquired a majority stake in the article-bookmarking service Instapaper. Creator Marco Arment wrote on his blog that he will slide into an advising role “indefinitely” as Betaworks oversees operations and expands Instapaper’s staff. [PC Mag]
CISPA, the controversial Internet bill, is (probably?) dead. An anonymous source said that “there is no possible plan” to bring it up in the Democratic-controlled Senate because it faces little support from the party. [Daily Dot]
Some big names, like Sean Parker, Steve Ballmer, and Bill Gates, are joining Mark Zuckerberg’s political action committee, FWD.us. We would love to be on those brunch-planning emails. [AllThingsD]
Yahoo’s Marissa Mayer has joined the board of Jawbone, the hardware maker behind those groovy wireless headsets and speakers. [AllThingsD]
A study of Bitcoin exchanges revealed that 45 percent of them fail, often taking peoples’ money with them. And the exchanges that don’t shutter are more likely to be the target of cyber attacks. [Wired]
Judging from the reaction to Yahoo’s abolishment of work-from-home arrangements, you’d think CEO Marissa Mayer had bitten the head off a live dove onstage at CES or something. After plying her new employees with free food and iPhones, had a tyrant finally revealed herself?
Not so much, according to the New York Times, which says the move was actually part and parcel of Ms. Mayer’s ongoing campaign to make working at the company less of a complete bummer, all right? If that’s okay with you, Richard Branson?
Just when we all thought the furor about whether Yahoos! can work from home might finally die down, Mayor Michael Bloomberg weighed in on the matter–siding with Ms. Mayer. During his weekly radio show, reports Capital New York, he noted that, “I’ve always said, telecommuting is one of the dumber ideas I’ve ever heard.”
Well, Sir Richard Branson, for one, could not believe his ears. Absolutely aghast at this latest turn of events, the gallivanting founder of Virgin Group employed his blog once again to preach the gospel of working remotely and/or butt into the business of other major moguls: Read More
Chief Yahoo Marissa Mayer recently ruled that there will be no more working remotely for the company’s thousands of employees. (Scuttlebutt suggests the decision was due to slacking and flakiness.) Well, it seems word has now trickled out to Sir Richard Branson, founder of Virgin Group and prominent Caribbean island owner, and he does not approve. Read More