Archive for the ‘yahoo’ Category

Verizon cuts 10,000 jobs and admits its Yahoo/AOL division is a failure

December 13th, 2018
A Verizon logo on a red background.

Enlarge (credit: Getty Images | Spencer Platt)

Verizon is parting ways with 10,400 employees in "a voluntary separation program," despite the Trump administration providing a tax cut and various deregulatory changes that were supposed to increase investment in jobs and broadband networks. The cuts represent nearly seven percent of Verizon's workforce and were announced along with a $4.6 billion charge related to struggles in Verizon's Yahoo/AOL business division.

Verizon described the voluntary buyouts as well as ongoing Yahoo/AOL failures in a Securities and Exchange Commission filing on Tuesday. The buyouts affect "US-based management employees" in multiple business segments, not just Yahoo and AOL.

Here's what Verizon says about its Yahoo/AOL problem:

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Posted in AOL, Biz & IT, oath, Policy, verizon, yahoo | Comments (0)

Verizon/AOL helped advertisers track kids online, must now pay $5M fine

December 4th, 2018
A boy tapping the screen of a tablet computer.

Enlarge (credit: Getty Images | Westend61)

Verizon-owned AOL helped advertisers track children online in order to serve targeted ads, in violation of a federal children's privacy law, and has agreed to pay a fine of $4.95 million, New York Attorney General Barbara Underwood announced today.

"The Attorney General's Office found that AOL conducted billions of auctions for ad space on hundreds of websites the company knew were directed to children under the age of 13," Underwood's announcement said. "Through these auctions, AOL collected, used, and disclosed personal information from the websites' users in violation of COPPA [Children's Online Privacy Protection Act], enabling advertisers to track and serve targeted ads to young children."

In addition to paying the largest-ever fine for violating COPPA, the Verizon-owned company "has agreed to adopt comprehensive reforms to protect children from improper tracking," the announcement said.

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Posted in AOL, Biz & IT, children's privacy, COPPA, oath, online tracking, Policy, Privacy, verizon, yahoo | Comments (0)