After Dumping Mail, Yahoo Sees Big Profits From Alibaba
Yahoo is getting rid of its email and web portal, selling those services off to Verizon in a multi-billion dollar deal. The email business wasn’t generating enough revenue to suit the company and they decided to concentrate instead on their investment in the Chinese export company Alibaba.
Financially, it may have been a smart move. Alibaba’s second-quarter revenue jumped almost 60% from the previous year to nearly $5 billion dollars. Alibaba’s online marketplace allows consumers to sell directly to other consumers and companies to reach consumers directly in other countries. Yahoo! owns a 15% share of Alibaba.
Arianna Huffington Leaves Huffington Post
Yahoo isn’t the only online company recently picked up by Verizon. Verizon also acquired AOL last year. Now, the woman behind one of AOL’s most high-profile properties is stepping down. Arianna Huffington is stepping down from the site she founded, The Huffington Post, one of the most popular news aggregator sites on the web and often considered the liberal alternative to The Drudge Report.
Huffington says she’s leaving to pay attention to her new health and wellness company, though many speculate the move is connected to uncertainty over what will happen now that Verizon has also purchased Yahoo. Verizon says they plan to operate the services under one department.
Pokemon Go Biggest Mobile Game Ever
According to a report from Survey Monkey, Pokemon Go is already the biggest mobile game in US history, even though it’s only been out for less than two months.
The game had more daily active users than Twitter within a few weeks of release.