Porn and adult entertainment sites can now officially register under the .xxx domain, the domain's operator, ICM Registry, announced today.
The new .xxx top-level domain is open not just to porn sites but to nonporn sites that want to block the use of their names on the .xxx domain. Located in Florida, ICM is managing and supporting the new domain but will work with 50 individual registrars around the world to handle the actual registrations.
Promoting the advantages of .xxx to potential customers, ICM said that holders of the domain name will be able to tap into global marketing … Read more
Wall Street has responded favorably to Yahoo's decision to fire CEO Carol Bartz.
The company's shares opened up to nearly $14 per share today in the first moments of trading on the Nasdaq following Bartz's ouster. Following strong gains, Yahoo's shares have, at the time of this writing, started to subside a bit, leveling off at about $13.58, representing a more than 5 percent gain compared to their opening price of $12.91.
Yahoo, in the throes of a CEO transition after yesterday's ouster of Carol Bartz, has a central priority: fix advertising.
A company like Yahoo has two major constituencies, its audience and its advertisers. When it comes to making money, though, Yahoo has problems with both. People in the audience are spending more of their online lives on social networks and mobile devices, and the advertising market is shifting accordingly.
Compounding the problem is Yahoo's weak search-ad revenue, supplied through a Microsoft partnership after the rival took over Yahoo's search technology for its Bing site.
The main reason to care about the Elite is that it has four tuners allowing you to record four programs at once and still watch something previously recorded to its 2TB of storage--twice the room of the TiVo Premiere XL. It'll hold up to 300 hours of HD programming. … Read more
After 30 months as Yahoo's CEO, Carol Bartz has been ousted from the company. Her interim replacement is former Chief Financial Officer Tim Morse, who joined the company in 2009.
Bartz's appointment as Yahoo CEO was meant to help turn the company around, a task she took on by reorganizing and whittling away under performing products and services. Nonetheless, the company has struggled to produce major new Web properties or regain lost ground on its stock price.
But even before Bartz got there, it's been a rough ride for the Web pioneer. Let's take a look at some of the ups and downs for the company since the original deal from Microsoft in 2008.
January 29, 2008: Yahoo announces a layoff of about 1,000 employees while reporting fourth-quarter earnings. "We're making good progress executing on this strategy, and I'm confident we're heading in the right direction," then CEO Jerry Yang says. "This sort of transformation takes time, but we have the talent and the strong cash flow to succeed."
February 1, 2008: Microsoft publicly announces its $44.6 billion cash-and-stock offer to acquire Yahoo. "Microsoft's consistent belief has been that the combination of Microsoft and Yahoo clearly represents the best way to deliver maximum value to our respective shareholders, as well as create a more efficient and competitive company that would provide greater value and service to our customers," Microsoft CEO Steve Ballmer says in a letter to Yang and Yahoo Chairman Roy Bostock. Yahoo's stock surges from a close of $19.18 the day before the offer was made public to close at $28.38.
Carol Bartz is a big girl with a potty mouth who can take the heat. And rest assured, there will be no shortage of criticism directed her way now that Bartz is out as Yahoo chief executive officer (fired on the phone, no less.)
But as Bartz's name gets inscribed onto the lengthening list of failed Yahoo CEOs--a roster that also includes Tim Koogle, Terry Semel and Jerry Yang--there are a couple of salient points to remember as revisionist versions of this chapter in the company's history start turning up.
Yahoo Chairman Roy Bostock hinted at a few possibilities in the press release announcing Bartz's departure. Bostock talked up the company's growth prospects, something that seems almost ludicrous given its recent financial performance. And he underscored the corporate talent, a nicety that seems out-of-touch with the reality that Yahoo's relevance continues to erode.
But just as Bostock's bluster about how positive things look at Yahoo approached a crescendo, he suggested what may soon come--an … Read more
By the time Carol Bartz arrived at Yahoo two-and-a-half years ago, the struggling company had rejected the biggest lifeline it was likely to ever see.
On February 1, 2008, Microsoft offered $44.6 billion cash-and-stock to buy Yahoo. Even at the time, the deal was considered a good one for Yahoo, valuing the stock at $31 a share and representing a 62 percent premium over the closing price the day before. Today the stock is trading at just under $13.
Microsoft wasn't altruistic; the company realized it had a better chance of competing against Google if it joined forces … Read more
The text of Yahoo's announcement of a management reorganization that saw Tim Morse replacing Carol Bartz as CEO.
SUNNYVALE, Calif.--(BUSINESS WIRE)-- Yahoo! Inc. (NASDAQ:YHOO - News), the premier digital media company, today announced a leadership reorganization under which the Board of Directors has appointed Timothy Morse interim Chief Executive Officer, effective immediately, replacing Carol Bartz, who has been removed by the Board from her role as Chief Executive Officer.
The Board has also named key senior Yahoo! executives to a newly formed Executive Leadership Council tasked with supporting Morse in managing the Company's day-to-day … Read more
Reddit, the community-curated site that's picking up the pieces that Digg dropped, today announced that it's spinning out from the company that acquired it, Conde Nast. Sort of.
Reddit is moving up a notch in the org chart. No longer will it be a part of Conde Nast, which publishes among other things, Wired, Vanity Fair, GQ, and Ars Technica. Instead, Reddit becomes an independent company under Advance Publications, which owns Conde Nast.
By becoming a bigger wheel, Reddit General Manager Erik Martin (see his blog post) says, the site will be able to "go back into … Read more