It was either move to Silicon Valley or bust, according to Nitro CEO Sam Chandler. His startup base of Melbourne, Australia, didn’t have the resources back in 2008 to help him scale his cloud-based, document-collaboration startup beyond an angel round of investing. It’s still a common dilemma for entrepreneurs throughout the world. Read More
Social logins are a convenient way to sign in to services without having to go through lengthy sign-up procedures and setting up yet another password. According to the latest data from social login service Gigya, Facebook remains the absolute market leader here and now powers more than 51 percent of all social logins in North America. Google+ is the second most popular service, but at 31 percent… Read More
An anonymous reader writes “Yahoo is most known for its search, email, and news services. But its U.S. web presence is only part of its corporate portfolio. It also owns large stakes in Yahoo Japan and Alibaba (a web services company based in China). Yahoo Japan is publicly traded, and Alibaba is heading toward an IPO, so both have a pretty firm valuation. The thing is: when you account for Yahoo’s share of each and subtract them from Yahoo’s current market cap, you get a negative number. Investors actually value Yahoo’s core business at less than nothing. Bloomberg’s Matt Levine explains: ‘I guess this is fairly obvious, but it leads you to a general theory of the conglomerate discount, which is that a business can be worth less than zero (to shareholders), but a company can’t be (to shareholders). … A fun question is, as fiduciaries for shareholders, should Yahoo’s directors split into three separate companies to maximize value? If YJHI and YAHI are worth around $9 billion and $40 billion, and Core Yahoo Inc. is worth around, I don’t know, one penny, then just doing some corporate restructuring should create $13 billion in free shareholder value. Why not do that?’”
Read more of this story at Slashdot.
Today, Yahoo launches new Flickr apps for Android (and iOS coming soon.) They include the ability to shoot video in the apps, or upload it directly. There is also better search, more detailed statistics for individual photos and a redesigned interface that’s had a lot of the crap scraped off of the interface to present you with Read More
When Yahoo removed Henrique De Castro as its COO, it wasn’t clear how much loot he was going to take with him. The final tally, revealed today in an SEC filing that also detailed Yahoo’s board nominations, has the figure: $58 million. Read More
Call it Yahoo’s version of the butcher, the baker, and the candlestick maker. The venerable Internet firm today announced a trio of nominations to its board that could round out the sort of folks keeping tabs on its focus. Most interesting among the nominations is David Filo, a Yahoo co-founder. Read More
Yahoo‘s efforts to reinvent its search reportedly have some grand ambitions.
CEO Marissa Mayer wants to supplant Google as Apple’s default search on mobile products, according to a report from Re/code.
See also: Yahoo’s New Long Game: Contextual Search
If successful, the arrangement would prove a coup for Yahoo and drastically change the company’s share of the search market, particularly in the rapidly growing mobile segment.
Mobile search is not only growing, it is moving away from desktop. If Yahoo were able to convince Apple to use its mobile search, it would grow its declining search share to the detriment of desktop competitors. Read more…
Yahoo barely beat Wall Street estimates for its first quarter earnings report, but the stock shot up following more positive news about one of the company’s secret weapons: Alibaba
The Internet giant posted earnings of $0.38 per share on revenue of $1.09 billion in the first quarter, just beating Wall Street estimates for earnings of $0.37 a share on revenue of $1.08 billion. Yahoo’s results were essentially flat compared to the same quarter last year when it reported earnings of $0.38 per share on revenue of $1.07 billion.
If you get a job at Automattic, you don’t have to worry about moving. Hell, you don’t even have to get out of bed
The company, best known for WordPress.com, is completely distributed, meaning its 230 employees work from home. Or they can work from home. Matt Mullenweg, the CEO of Automattic, notes that the company has a physical headquarters in San Francisco. “Well, you’ve got to have somewhere TO get mail,” he explains. While a handful of employees work in the San Francisco office, the rest are flung across 170 cities. “It allows you to get the best and brightest people in the world,” Mullenweg says. Automattic gives its employees a monthly stipend of $250 to get a co-working space if their home office situation isn’t great. Read more…
An encryption flaw called the Heartbleed bug is already being called one of the biggest security threats the Internet has ever seen. The bug has affected many popular websites and services — ones you might use every day, like Gmail and Facebook — and could have quietly exposed your sensitive account information (such as passwords and credit card numbers) over the past two years.
But it hasn’t always been clear which sites have been affectedMashable reached out to various companies included on a long list of websites that could potentially have the flaw. Below, we’ve rounded up the responses from some of the most popular social, email, banking and commerce sites on the web. Read more…