He once again reminded them that it has been a very challenging year for the company. After enumerating few of the things Yahoo is doing to survive in the “turbulent global advertising climate”, he came straight to job cuts.
Yang told all Yahoos that the company has no other choice but to slash jobs – in order to cut costs, as “compensation expenses are the single largest part of its costs.” He then apprised them of the heart-wrenching fact that 10% of them are going to loose their jobs by year-end.
Flickr's rolled out a new home page design that's intended to make it easier to see what's happening with your Flickr account and on Flickr in general.
Here's what's new:
The Your Photostream section now shows your five most recent uploads
Your Photostream also has a toggle to show recent activity (such as comments from friends, your replies, and pictures selected as favorites). Don't want any more comments on a particular item? Click its Mute button.
Click More Recent Activity to see other activity and change activity settings.
The Your Contacts section now shows more photos.
The Your Groups section now shows the most recent photos from your groups.
Want to reduce page clutter? Click the double arrow icon next to a section title to close it, or click it again to open it.
There's now a new Explore module on the home page that displays the latest activities.
The latest entry at the Flickr Blog and the latest Flickr Tip occupy the right margin of the page, along with more ways to use your photos.
Haven't logged in for awhile? I think you'll like the changes. Join us after the jump and let us know if you agree - or not.
It's been a tough year for Yahoo, and it's Yahoo's employees who have been hit the hardest. Earlier this year the struggling search company had cut about 10 percent of its workforce, and now it appears another sizable chunk will be receiving pink slips.
The exact number of the impending cuts has yet to be decided, but according to The Wall Street Journal, it will be more than the 1,000 jobs the company announced it was cutting in January. Yahoo is expected to announce just how many it will be letting go during its earnings conference call tomorrow.
Jobs aren't the only thing being slashed at Yahoo. As part of its downsizing effort, operating budgets across the board are expected to be cut 15 percent. Meanwhile, Yahoo's share price has dropped more than 40 percent over the past three months, meaning this could be just the beginning.
When it comes to search engine popularity, Yahoo must have gotten used to playing second fiddle to Google. However, things just got a little worse for the big Y, as YouTube received more search traffic in August than Yahoo, clinching the #1 and #2 spots for Google.
YouTube received 2.6 billion search queries on August, barely slipping past Yahoo’s 2.4 billion. Of course, both numbers pale in comparison to Google’s 7.6 billion searches. For the first time, if both of Google’s holdings’ searches are combined, it puts Google at more than 10 billion searches in a single month.
Yahoo’s perpetual suitor Microsoft, meanwhile, served up a combined 1.0 billion searches across all its sites.
Of course, the Yahoo and YouTube’s respective search engines perform largely different functions, making a direct comparison of the two a little futile, but the statistic does nicely illustrate the dominant position Google is establishing for itself in all different sectors of the Web.
Microsoft CEO Steve Ballmer touched upon virtually all the major issues concerning MS – from Windows 7 to Yahoo - at the Gartner Symposium ITxpo in Orlando. Unsurprisingly, he was confronted by many questions regarding Vista and Windows 7.He ardently defended Windows Vista. “The adoption rate of Vista is two times faster than XP at two years in,” Ballmer said in Vista’s defense.
However, he tacitly gave the thumbs up to enterprises that have abandoned all plans of upgrading to Vista and are already waiting for Windows 7. Regarding the possibility of a deal with Yahoo, he said that a deal would make sense for the shareholders of both the companies. The price of Yahoo’s shares shot up by 17% after Ballmer’s comment.
Ballmer believes that Google Apps has “very primitive” capabilities. He further derided Google Apps by not even acknowledging it as serious competition.
Yahoo just can’t seem to catch a break. The search site’s prospects are looking dimmer and dimmer as Yahoo and Google negotiate with the Justice department to try and head off a potential antitrust lawsuit stemming from their proposed advertising partnership. Several compromises are being discussed which would lessen the strategic value of the partnership for Yahoo.
The currently proposed concessions, according to the Wall Street Journal, “include capping the volume of Google ads Yahoo would use, assurances that Yahoo would continue to compete in search ads, and a reporting mechanism to ensure compliance… U.S. officials hope to impose measures that will ensure the prices advertisers must pay don’t rise significantly after the deal.”
According to Silicon Valley Insider, these compromises would leave the already down-in-the-mouth Yahoo in an even weaker position, cutting out much of the benefit they had hoped to gain from the ad partnership. They also suggest that Microsoft’s lobbyists are responsible for the Justice Department’s scrutiny of the deal, writing that “even if [Microsoft] doesn’t buy Yahoo, it gets the quiet pleasure of poking another stick at the carcass of a company that spurned it’s now extraordinarily generous buyout offer.”
We can already hear the moans and groans, but nevertheless, a Yahoo investor has proposed a new deal today to sell the search company to Microsoft for $22 a share. That figure represents a 74 percent premium on the company's current stock price.
The proposal calls for Microsoft to "unload Yahoo's Asian assets and non-search businesses, extract $3 billion worth of cost savings, and receive $2.8 billion of tax benefits," Reuters reports. All tallied up, the deal would have Microsoft paying $10.3 billion for Yahoo's search business.
Mithras Capital, the investment fund who came up with the proposal, owns a 14 percent stake in Yahoo (1.9 million shares) and said in a press release that if approved, Microsoft would be buying Yahoo's search business for $2 billion less than what it offered in July.
Whether or not anything comes out of this remains to be seen, but it's worth noting that Yahoo today fell into the $12 per share range for the first time.
Yahoo has single-handedly disproved Moore’s law, by finally updating their online calendar after 10 long, tech rich years. Tonight they will be rolling out a new drag-and-drop Ajax based calendar in a closed beta to Yahoo Mail users in the U.S., UK, India, Taiwan and Brazil (sign ups can be found here).
The upgraded calendar doesn’t do much that Google’s isn’t already capable of, but it does play nice with iCal and CalDAV and has a slew of new features, including; layering (viewing multiple calendars in different colors or subscribing to someone else’s calendar), zooming in when adding an appointment, integration with Flickr, setting email or SMS reminders, and a to-do list.
With this addition to their juggernaut of offerings, Yahoo should increase their market share in online calendars, despite already being the leader. Of their 285 million Yahoo Mail users, 8.1 million use the calendar compared to the 5 million that use Google’s.
This past Tuesday Yahoo released the latest version of their instant messaging program, Messenger 9.0. With the release, they’ve introduced a slew of new features including a brand new interface, chat window, improved spam control, and the Yahoo Messenger Pingbox.
The new interface is more spread out than previous versions, allowing for larger avatars and the ability to post status messages. Also included in the new interface is the ability to import your contacts in bulk from your e-mail, IM, or Facebook contact lists using third party operator TrueSwitch. TrueSwitch will search through your address books and find users already on Yahoo and shoot them a friend invite on your behalf.
The new chat window ups the ease-of-use factor, allowing users to drop maps, images, videos or links directly into the chat box when you want to share them with your friends. Being able to check out videos and images without even leaving your IM client is mighty convenient. Yahoo also made a reversal from their dime-sized emoticons, scaling them down to give them a much cleaner look.
The final big feature is the Yahoo Messenger Pingbox, which is brand new with this release. It allows for web site owners (such as bloggers, eBay sellers, and social networking power users) to chat in real time with anyone visiting their site. This is a step up over lurking your inbox, waiting for a reply e-mail from the site owner that you’re trying to get in contact with. For the owner of the site these Pingboxes are simple to use, and highly customizable. Everything from the aesthetics of the window, to sending out a broadcast message to your site’s users, you’ll be given lots of control.
Both her campaign manager and the FBI confirmed the news of her account being hacked, which began circulating after the appearance of the leaked screenshots on WikiLeaks. You will not be able to have a look at the screenshots yourself, in case your peeping faculties have been roused by the news, as they have been taken down.
The hackers are said to have only counted on their social engineering skills – by collecting or guessing personal information required for password recovery – and Yahoo’s flimsy, lax password-recovery process for breaking into her account. All said, the hack has exposed Palin’s inexpedient habit of conducting state business using a personal e-mail account.