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What the $4.83B Yahoo Deal Gets Verizon

A chance to stand a little taller among giants

(Newser) - In its confirmation of Verizon's purchase of Yahoo's web assets , announced Monday morning, the Wall Street Journal describes it as a "remarkable fall" for Yahoo, once valued at more than $125 billion and now plucked up for less than 4% of that—$4.83 billion in cash.... More »

Verizon Buying AOL for $4.4B

Telecom giant wants smaller company's expertise in digital video

(Newser) - AOL is getting involved in another major merger, surely hoping it ends better than last time . This time it's Verizon, not Time Warner, with the telecom giant announcing plans to buy AOL for $4.4 billion, reports CNBC . For Verizon, it's all about the push for growth in... More »

20 Years Later, I'm Still Using My AOL Email

Derreck Johnson explains why

(Newser) - You probably ditched your AOL email address sometime in the 1990s, but not Derreck Johnson. No, his email address was born on Sept. 24, 1994, when he was a senior in high school, and more than 20 years later, "it remains my primary means of email communication,... More »

Lawsuit: AOL's CEO Fired Worker When She Lost 2 Babies

Tim Armstrong's issues with pregnant employees go back to 2005

(Newser) - Does AOL CEO Tim Armstrong have an issue with pregnant employees? Well, that's what Valleywag is wondering. To recap, Armstrong caused a stir last week by shifting the company's 401(K) payment schedule to a year-end lump sum—because, he said, AOL has had to pay big bucks to... More »

Mom: AOL Blamed Its Cuts on My 'Distressed Baby'

Tim Armstrong has reversed the 401(K) move, but his comment still inflames

(Newser) - AOL honcho Tim Armstrong made waves on Thursday in announcing poorly received changes to the company's 401(K) program. The adjustment, which would have shifted the payment schedule to one lump-sum payment at year-end, was explained as a change made in light of exploding medical costs, noting, "we had... More »

Tech Rivals Unite to Nag World About Spying

Google, Microsoft lead charge

(Newser) - What's big enough to bring together such competitors as Google and Yahoo, Microsoft and Apple, Facebook and Twitter, plus AOL and LinkedIn for good measure? The NSA spying drama. Those companies are publicly asking the world's governments to limit such spying, and have detailed their ideas on a... More »

Google's Schmidt: NSA Spying 'Outrageous'

Agency head refutes reports

(Newser) - Google's executive chairman is weighing in on reports that the NSA hacked reams of data from his company and Yahoo: "It's really outrageous that the National Security Agency was looking between the Google data centers, if that's true," Eric Schmidt tells the Wall Street Journal... More »

AOL CEO Calls Public Firing an 'Emotional' Mistake

CEO forced to apologize after audio of firing is leaked online

(Newser) - AOL's local news network, Patch, is losing money, closing hundreds of websites, and laying off hundreds of employees, TechCrunch reports. But that is not its biggest problem right now. That honor goes to the dismissal of just one employee last week. In the middle of a meeting with Patch... More »

NSA Accesses Servers of Internet Firms: Reports

Guardian, Washington Post have scoop: Feds tapping in via secret 'PRISM' program

(Newser) - Charges that we live in a surveillance state are about to get much louder. The Guardian and the Washington Post are separately reporting about a previously unknown program known as PRISM that gives the federal government access to the servers of all the big Internet companies, including Facebook, Google, Yahoo,... More »

1M Android Forum Users' Data Hacked

Yahoo attack also hit Gmail, Hotmail, AOL

(Newser) - Another major security breach has emerged a day after news of a Yahoo hack targeting 450,000 users, this time at an online forum for Android users. Hackers snagged user IDs, email addresses, passwords, and more in an attack on Android Forums' more than 1 million users, ZDNet reports. An... More »

Teenage Entrepreneur Squatted in AOL Offices

Eric Simons turned AOL campus into his personal office

(Newser) - A teenage entrepreneur found the perfect place to develop his new software: AOL's campus in Palo Alto, Calif. Only problem: No one knew he was also eating, sleeping, working out, and doing his laundry there, CNET reports. Eric Simons had invented his educational software, ClassConnect, in a new campus... More »

Facebook to Buy $550M in Patents From Microsoft

Result: Facebook gets 650 AOL patents

(Newser) - Earlier this month, AOL agreed to sell Microsoft 925 patents and patent applications for just north of $1 billion; now another tech giant is getting a piece of the action. Facebook has pledged to buy some 650 of those patents, or $550 million worth. In the deal, Facebook also gets... More »

Big Shareholder to AOL: That $1B Sale? Not Cutting It

Starboard Value continues to have 'serious concerns'

(Newser) - AOL's $1 billion deal to sell patents to Microsoft is a good first step, but major shareholder Starboard Value still has "serious concerns" about AOL's "poor operating performance," the activist hedge fund says in a letter to the AOL board. For that reason, Starboard Value... More »

AOL Sells Microsoft 800 Patents

Its stock soars 37% thanks to $1B deal

(Newser) - AOL has struck a mammoth deal to sell Microsoft more than 800 patents for $1.06 billion in cash, the companies announced today. That will leave AOL with a little more than 300 patents of its own related to search, advertising, and social networking, among other things, but it will... More »

Tax Firm, Radio Stations Join Limbaugh Exodus

9 companies, Hawaiian AM, Mass. FM stations Rush away

(Newser) - Rush Limbaugh is still hemorrhaging advertisers—and now beginning to lose radio stations as well—in the wake of his "slut' comment. Online tax advice operation Tax Resolution Services yesterday joined AOL in deserting the uber-conservative, bringing to at least nine the number of sponsors who have dumped his... More »

Careful, Facebook, or You'll Become AOL

Former editor Jesse Kornbluth explains how web giant fell from grace

(Newser) - Jesse Kornbluth has a cautionary tale for Facebook, which he says he worked for a decade ago. "Back then, it was called America Online," he writes in the Wall Street Journal . Kornbluth was AOL's editorial director from 1997 to 2003. In those days, AOL had lots of... More »

Google, Yahoo, 13 Others Declare War on Phishing

New set of standards could make email more trustworthy

(Newser) - A new anti-phishing effort, backed by the big email service providers as well as banks, PayPal, social networks, and other companies, could dramatically reduce the number of scam emails you get in your inbox. Google, Yahoo, Microsoft, and AOL are backing the new plan; 15 companies in total have come... More »

Microsoft, Aol, Yahoo Agree to Sell Each Other's Ads

They say other 'players in the industry' are welcome to join them

(Newser) - Declining tech powers, unite! Microsoft, Yahoo, and Aol have agreed to a deal that will let them sell each other’s display ads, in a bid to drive revenue up and help them compete with Google and Facebook. A Microsoft VP characterized the deal as a "rising tide that... More »

The New Status Symbol: AOL Email Address

Bigshots in politics, media, entertainment hang on to old addresses

(Newser) - email addresses are so nineties, right? But apparently they're also a sort of weird status symbol amongst a certain set. Ben Smith first made the argument last week on Politico , noting that despite the "stigma" long associated with the domain, there's also "... More »

10 Hottest Domains: 1996 vs. Today

Remember when AOL was king?

(Newser) - Back in 1996, AOL was king of the Internet; its closest competitor was Webcrawler; and the University of Michigan owned a top 10 domain. Things have changed, as comScore data reveal in Business Insider:
  1. 1996: AOL. Today: Google sites.
  2. 1996: Today: Yahoo! sites.
  3. 1996: Netscape. Today: Microsoft sites.
... More »

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