Archive for the ‘yahoo’ Category

Pornhub wants to buy Tumblr and restore site to former porn-filled glory

May 3rd, 2019
A Verizon logo displayed along with stock prices at the New York Stock Exchange.

Enlarge / A monitor seen on the floor of the New York Stock Exchange on Tuesday, Sept. 4, 2018. (credit: Getty Images | Bloomberg)

Less than two years after buying Tumblr as part of its Yahoo acquisition, Verizon is reportedly trying to sell the blogging platform. Pornhub has also announced that it wants to buy Tumblr and end the site's Verizon-imposed porn ban.

"Verizon Communications Inc. is seeking a buyer for blogging website Tumblr, according to people familiar with the matter, as it tries to steady a media business that has struggled to meet revenue targets," The Wall Street Journal reported yesterday.

Pornhub quickly announced its interest after the news broke, although it isn't clear whether the two companies have talked. Verizon banned all adult content from Tumblr in December 2018, and Pornhub wants to restore the site to its former porn-filled glory.

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Yahoo tries to settle 3-billion-account data breach with $118 million payout

April 10th, 2019
A Yahoo logo on a smartphone.

Enlarge / A Yahoo logo on a smartphone. (credit: Getty Images | SOPA Images )

Yahoo and plaintiffs, in a case over a data breach affecting three billion user accounts, have agreed to a settlement that would require Yahoo to pay $117.5 million.

The sides previously agreed to a settlement of $50 million plus attorneys' fees and other expenses, but it was rejected by US District Judge Lucy Koh in January.

Yahoo and the plaintiffs filed their new proposed settlement yesterday in US District Court for the Northern District of California. This one will also face a judge's review.

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Judge slams Yahoo for failing to improve its data security after 2016 breach

January 29th, 2019
Exterior of Yahoo! headquarters.

Enlarge / Yahoo! Inc, Sunnyvale, California. (credit: Noah Berger/Bloomberg via Getty Images)

A federal judge in San Jose, California, has rejected a proposed settlement that would put an end to the years-long lawsuit over the company’s 2016 disclosure that it had been hit by nation-state hackers that exposed hundreds of millions of accounts.

US District Judge Lucy Koh, who has presided over many tech-related cases, including the Apple v. Samsung trial, lambasted Yahoo for its lack of transparency over how it has handled the aftermath of the breach.

"Yahoo has not committed to any specific increases in budget for data security and has made only vague commitments as to specific business practices to improve data security," she wrote. "Yahoo’s history of nondisclosure and lack of transparency related to the data breaches are egregious. Unfortunately, the settlement agreement, proposed notice, motion for preliminary approval, and public and sealed supplemental filings continue this pattern of lack of transparency."

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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)