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This Day In Market History: Time Warner Spins Off AOL
Tuesday, May 28, 2019 - 7:00am | 363Read More...Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 10 years ago, Time Warner spun off AOL. Where The Market Was The Dow finished the day at 8,403. The S&P 500 traded at 906. Today, the Dow is trading at 25,585 and the S...
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Mark Cuban, Steve Case Discuss Startup Statistics, Investments And Silicon Valley
Monday, May 13, 2019 - 3:03pm | 585Read More...Steve 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 | 415Read More...Each 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 | 336Read More...Telecom 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 | 495Read More...The 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 | 392Read More...After 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 | 379Read More...Immediately 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 | 1013Read More...At 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 | 462Read More...Verizon 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 | 419Read More...Back 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 | 491Read More...After 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...
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VCR Manufacturing To Finally Cease Production
Friday, July 22, 2016 - 1:58pm | 334Read More...Here's a little known fact: VCRs have officially survived the rising popularity of DVDs, Blue-rays and online streaming video services. According to CNN Money, Japan-based Funai Electric is believed to be the world's last VCR manufacturer and actually sold 750,000 units last year. However, the...
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Who Is Marni Walden, And Why Should Verizon Investors Care?
Wednesday, July 6, 2016 - 2:12pm | 379Read More...Yahoo! Inc. (NASDAQ: YHOO)'s long drawn out process of selling its internet assets is being closely watched by Marni Walden. Walden is the head of product innovation and new businesses for Verizon Communications Inc. (NYSE: VZ) — the company widely considered to be a front-runner to acquire...
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Verizon Reportedly Bids $3 Billion For Yahoo's Core Internet Assets
Tuesday, June 7, 2016 - 7:26am | 343Read More...Yahoo! Inc. (NASDAQ: YHOO) is expected to receive a bid for its internet properties from Verizon Communications Inc. (NYSE: VZ), but it may not necessarily be pleased with the offer. The Wall Street Journal, citing "a person familiar with the matter," reported late Monday evening that...
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Yahoo Update: Recode Says Marissa Mayer Is Actively On Board With Sale
Tuesday, May 10, 2016 - 9:42am | 353Read More...Yahoo! Inc. (NASDAQ: YHOO) CEO Marissa Mayer seems to have had a change of heart over the sale of the company, as a Recode report said she is actively on board with the sale. The report said Marissa Mayer has been taking front and center stage of the proceedings, as the second round of bidders have...
