Internet search giant Google Inc is known for hosting the most extravagant holiday parties in Silicon Valley, often drawing crowds of over 10,000 and prompting some employees to post ads for party dates on classifieds Website Craigslist.
Google Inc said it would shut down its three-dimensional virtual experience website by year end to focus more on its core search, advertisements and applications business.
Needham & Co. analyst Mark May upgrades shares of troubled Internet company Yahoo Inc., after the shares skid below $10 for the first time in more than five years.
T-Mobile USA, which is currently rolling out its 3G wireless network across the country, is turning to Yahoo to power its search and mobile Web portal in an effort to boost data usage.
Yahoo Inc announced an expansion of its mobile Web portals to T-mobile, so its smart phone users who get data will have Yahoo search by default.
Microsoft says it is still interested in some sort of Web search deal with Yahoo.
Microsoft Corp. is no longer interested in buying all of Yahoo Inc., CEO Steve Ballmer said Wednesday, though he told shareholders that the company would still be “very open” to a collaboration on Internet search. His comments sent Yahoo shares diving more than 20 percent.
Not surprisingly, there was a lot of talk on Tuesday about who should replace Jerry Yang as Yahoo?s chief executive. Let me suggest that people are phrasing the question slightly wrong: Yahoo doesn?t need a chief executive so much as an editor in chief.
Yahoo is coming out from the Jerry Yang era with a share price unseen since the aftermath of the bursting of the Internet bubble, and with rival Google in firmer command of the market for online search.
Yahoo said Monday evening that Jerry Yang , its chief executive, would step down from that role after the company finds a replacement. Mr. Yang, a co-founder of Yahoo, assumed control of the company a year and a half ago from Terry Semel, a Hollywood studio boss that he hand-picked for the job.
