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5 Things You Might Not Know About Facebook's Mark Zuckerberg
Thursday, October 14, 2021 - 3:39pm | 853The founder of one of the most popular companies of the past 50 years was fascinated with computers and inventing programs at an early age. This helped make him one of the most well-known people in the world. Here is a look at five things you might not know about Facebook Inc (NASDAQ: FB) co-...
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This Day In Market History: Time Warner Spins Off AOL
Friday, May 28, 2021 - 9:07am | 327Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 2009, Time Warner spun off AOL. Where The Market Was: The Dow finished the day at 8,403. The S&P 500 traded at 906. What Else Was Going On In The World? In 2009...
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This Day In Market History: AOL Is Founded
Monday, May 24, 2021 - 9:15am | 324Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1985, Quantum Computer Sciences was founded in Delaware. Where The Market Was: The Dow finished the day at 1,301.97. The S&P 500 traded at 188.29. What Else Was...
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Verizon Sells Digital Media Assets, Including AOL And Yahoo, For $5B
Monday, May 3, 2021 - 3:41pm | 315Verizon Communications Inc. (NYSE: VZ) confirmed Monday it has sold its Verizon Media assets, including the AOL and Yahoo platforms, to Apollo Global Management, Inc. (NYSE: APO) for $5 billion. What Happened: Verizon will retain a 10% stake in the company and CEO Guru Gowrappan will retain...
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Verizon Looks To Sell AOL And Yahoo Assets: Report
Thursday, April 29, 2021 - 9:45am | 338Verizon Communications Inc. (NYSE: VZ) is reportedly seeking to sell its digital media assets including the AOL and Yahoo platforms. What Happened: The New York City-headquartered company is engaged in a sales process involving the private equity firm Apollo Global Management Inc. (NYSE:...
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Mark Cuban, Steve Case Discuss Startup Statistics, Investments And Silicon Valley
Monday, May 13, 2019 - 3:03pm | 585Steve Case, chairman and CEO of Revolution and the former CEO of AOL, joined Mark Cuban in a panel at the SALT Conference covering the startup landscape. The businessmen shared their views on Silicon Valley and beyond in a conversation with Recode executive editor Kara Swisher. Opportunity In...
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This Day In Market History: AOL-Time Warner Reports Record Losses
Wednesday, January 30, 2019 - 8:38am | 415Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On this day in 2003, AOL and Time Warner Inc (NYSE: TWX), which had merged in 2000, announced the largest annual loss of any public company in history. Where Was The Market? The S&...
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Verizon's Voluntary Layoffs: What You Need To Know
Tuesday, December 11, 2018 - 3:14pm | 336Telecom giant and Dow Jones component Verizon Communications Inc. (NYSE: VZ) said Monday that 10,400 of its employees accepted an offer to voluntarily retire from the company ahead of a push into 5G. What Happened Verizon's "well-planned and anticipated" move to lower its headcount...
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Work Messaging App Slack To IPO In 2019
Monday, October 1, 2018 - 8:07am | 495The future of work messaging appears significantly less laborious, increasingly efficient and more emoji-clad with software like Slack. The popular platform is eyeing an early 2019 initial public offering, according to The Wall Street Journal. The company is valued at $7 billion, the report...
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AOL AIM To Shut Down; 4 Apps That Could Replace It
Friday, October 6, 2017 - 3:22pm | 392After 20 years, Verizon Communications Inc. (NYSE: VZ) is officially shutting down AOL Instant Messenger. AIM was one of the first online messaging services to catch on in mainstream America. At its peak, AIM had more than 18 million simultaneous users, and the ability to communicate instantly made...
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Massive Media Layoffs Begin As Verizon Juggles HuffPost, AOL, Yahoo
Thursday, June 15, 2017 - 10:27am | 379Immediately after completing its acquisition of Yahoo! Inc. (NASDAQ: YHOO), Verizon Communications Inc. (NYSE: VZ) began trimming its expanding media portfolio. The Huffington Post, operated by Verizon subsidiary AOL, laid off 39 employees Tuesday, including the publication’s lone Pulitzer...
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The Teenage Existential Crisis: In Memory Of Our First AOL Instant Messenger Screen Names
Friday, May 12, 2017 - 10:26am | 1013At 13, I sat at my parents' boxy, black Dell in deep distress. It was time to define my first online persona, and as an obsessor of symbols, I placed great importance on my chosen screen name. My peers played up their court prowess with “bballgirl” or their preoccupation with...
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This May Explain Why Verizon Wants To Buy Yahoo's Properties
Monday, July 25, 2016 - 11:53am | 462Verizon Communications Inc. (NYSE: VZ) dished out $4.4 billion last year to acquire AOL, so why is it spending another $4.8 billion to buy Yahoo! Inc. (NASDAQ: YHOO)'s Internet properties which Warren Buffett himself said have "deteriorated significantly"? According to The...
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Disney Almost Bought Yahoo At The Height Of The Dot-Com Bubble
Monday, July 25, 2016 - 11:04am | 419Back in 2001, Yahoo! Inc. (NASDAQ: YHOO) was the second-most popular name on the Internet after AOL and even attracted the interest of Walt Disney Co (NYSE: DIS). According to the Los Angeles Times, Yahoo was a likely takeover target at the start of the new century in a "race among AOL...
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Verizon To Acquire Yahoo's Operating Business For $4.8 Billion
Monday, July 25, 2016 - 7:42am | 491After months of investor activism, speculation and rumors, Verizon Communications Inc. (NYSE: VZ) confirmed Friday's reports that it will acquire some of Yahoo! Inc. (NASDAQ: YHOO)'s assets. Shares of Yahoo were halted early Monday morning and resumed trading at 7:20 a.m. EDT. Shares...