New York: As a teenager, Tumblr CEO David Karp would canvass the streets of New York City's Upper West Side, offering to build websites for local businesses. After his freshman year of high school, the precocious, computer-savvy kid decided to drop out altogether to devote more time to his passion for technology.
A few years later, Karp built Tumblr - the wildly popular blogging forum - from his tiny childhood bedroom, hunched over his laptop with bags of Tostitos. And on Saturday, the 26-year-old technology wunderkind returned home to inform his mother that, in a game-changing transaction, Yahoo was buying Tumblr for $1.1 billion.
"There were a few tears and lots of hugs, and a lot of excitement," said his mother, Barbara Ackerman. "This is something that he built - it's his baby - and it's emotional."
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06:27 AM, May 21, 2013
San Francisco: Yahoo's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday. Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on fast-growing Tumblr because its younger user base would bolster the...
06:55 AM, May 20, 2013
New York: Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications. The Sunnyvale, Calif, company's board of directors will meet on Sunday evening to consider approving a $1.1 billion acquisition of online content-sharing site Tumblr in a deal Mayer negotiated, according to the...
11:50 PM, May 19, 2013
New York: Yahoo CEO Marissa Mayer is promising to unveil "something special" on Monday in New York as she tries to attract more traffic and advertising to the Internet company. The Sunnyvale, California, company gave no further details Friday other than that Mayer will be discussing a product. Reporters are being invited to attend the 5 p.m. event at a lounge located in New York's Times Square. Mayer has been...
11:10 AM, May 18, 2013
San Francisco: Yahoo is taking the next step in its effort to make some of its most popular services more appealing and accessible to the growing audience connecting to the Internet on smartphones and tablet computers. The mobile push being orchestrated by CEO Marissa Mayer has hatched Yahoo's first email application for Apple's iPad and other tablet computers running on Google's Android software. Yahoo also has created a new weather...
06:51 AM, Apr 19, 2013
Yahoo Inc is in talks to acquire a controlling stake in Dailymotion, one of the world's most popular online video websites, in what would be Yahoo CEO Marissa Mayer's largest deal since taking the reins in July, the Wall Street Journal reported on Tuesday. ...
09:53 AM, Mar 20, 2013
The decision by Yahoo CEO Marissa Mayer to ban work from home plans has set off a debate. ...
12:43 PM, Mar 06, 2013
An internal memo at Yahoo introducing a ban on working from home has sparked a debate on whether remote working leads to greater productivity and job satisfaction or kills creativity and is just a chance to slack off. ...
07:36 AM, Feb 27, 2013
The new look Yahoo will roll out to US users over the next few days. ...
07:35 PM, Feb 20, 2013
Yahoo is spiffing up and expanding its email service in an attempt to regain some of the ground lost to Gmail. ...
05:52 AM, Dec 12, 2012
Yahoo Inc rolled out new versions of its popular Web email on Tuesday, the first major product makeover since Chief Executive Marissa Mayer took the helm of the struggling Internet company five months ago. ...
12:31 AM, Dec 12, 2012
San Francisco: Marissa Mayer, who earned a reputation for decisive action and intensity during her 13-year stint at Google Inc, has spent her first months as Yahoo Inc CEO quietly moving the Internet pioneer back to its roots in technology. Long torn between whether it should focus on media content or on tools and technologies, Yahoo under Mayer is being positioned firmly in the latter camp, according to sources inside...
11:17 AM, Oct 22, 2012
Seoul: Yahoo Inc's South Korean operation said on Friday it will quit the country, underscoring its struggle against Google Inc and local competitors expanding aggressively into mobile advertising and online services. South Korea is the first Asian country Yahoo is leaving, the firm said. An industry pioneer and household Internet brand, it has been overshadowed by global rivals including Facebook Inc and Google in recent years. "Yahoo has faced several...
03:38 AM, Oct 20, 2012
San Francisco: Yahoo CEO Marissa Mayer is mining her old advertising connections at Google to help her tackle the challenges facing her in her new job. Henrique de Castro, one of Google's top advertising executives for the past two years, is leaving the Internet search leader to be Mayer's top lieutenant. Beginning early next year, de Castro will be Yahoo's chief operating officer. The defection announced Tuesday is Mayer's highest-profile...
11:34 AM, Oct 16, 2012
San Francisco: Yahoo CEO Marissa Mayer gave birth to a boy late Sunday, adding motherhood to her challenges as she tries to steer the struggling Internet company in a new direction. The birth came a week ahead of the October 7 due date that Mayer shared with the public in July. She announced her pregnancy on her social networking accounts just a few hours after Yahoo hired her as its...
12:11 PM, Oct 02, 2012
San Francisco: Yahoo Chief Executive Marissa Mayer, three months into a nascent effort to revamp the struggling Web company, could be back in the office in one week, following the birth of her first child on Sunday. The 37-year-old Mayer will work from home and continues to lead the company and "is involved in all critical decisions making," a Yahoo spokeswoman said on Monday. "She will be working remotely and...
06:50 AM, Oct 02, 2012
San Francisco: Yahoo Chief Executive Officer Marissa Mayer was on Sunday night blessed with a baby boy. The news of the arrival of the new member of the family was made public on Monday by Zachary Bogue, the husband of the Yahoo CEO. Bogue posted a message in this regard on micro-blogging website Twitter and conveyed that both Mayer as well as the baby were doing good. He posted a...
09:26 PM, Oct 01, 2012
San Francisco: Ross Levinsohn is leaving Yahoo, two weeks after the company announced he lost out on the top job to Google executive Marissa Mayer, the company said in a filing. Levinsohn will leave the company effective Tuesday, July 31. He will go with the severance payments outlined in his 2010 offer letter and 2011 severance agreement, plus an equity award of 67,000 restricted stock units and 250,000 stock options....
11:13 AM, Jul 31, 2012
New Delhi: Yahoo's decision to hire 37-year-old and soon-to-be mother Marissa Mayer as its new CEO is being hailed as one of the most inspiring top-job stories worldwide, but experts do not expect an encore in India anytime soon. While many women business leaders are breaking the glass ceiling to reach the corner-room CEO office in the country and the hiring policies here are not as such regressive, the companies...
11:57 AM, Jul 22, 2012
