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A civil lawsuit alleges that a former Yahoo employee stole valuable intellectual property when he downloaded approximately 570,000 pages of proprietary source code, ad placement algorithms, internal strategy documents and more upon securing a job offer from The Trade Desk, a direct competitor of Yahoo’s advertising technology arm. A civil suit indicates that Yahoo Ad Tech, together with Oath Holdings – a financial subsidiary of Yahoo Inc – are suing Qian Sang, who previously served as… Source link

A civil lawsuit alleges that a former Yahoo employee stole valuable intellectual property when he downloaded approximately 570,000 pages of proprietary source code, ad placement algorithms, internal strategy documents and more upon securing a job offer from The Trade Desk, a direct competitor of Yahoo’s advertising technology arm. A civil suit indicates that Yahoo Ad Tech, together with Oath Holdings – a financial subsidiary of Yahoo Inc – are suing Qian Sang, who previously served as… Source link

Boston Celtics guard Derrick White will miss Game 2 of the Eastern Conference finals. (Stacy Revere/Getty Images) Boston Celtics guard Derrick White will miss Game 2 of the Eastern Conference finals against the Miami Heat on Thursday for personal reasons, the team announced. The Celtics could also be without big man Al Horford, who entered the NBA’s COVID-19 health and safety protocols prior to the series on Tuesday. White’s spouse is expected to give birth to their first child, Celtics coach… Source link

Netflix (NFLX) has some work to do. Earlier this week, the company confirmed to Yahoo Finance that it will be laying off about 150 positions of the streamer’s 11,000 workforce in an effort to reduce spending and offset slowing revenue growth. “As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company. So sadly, we are letting around 150 employees go today, mostly U.S.-based,” a Netflix spokesperson said in a statement. “These changes… Source link

There was a lot working against the Boston Celtics in Game 1 of the Eastern Conference finals. It was going to be difficult for the Celtics to refocus after an emotional Game 7 win against the Milwaukee Bucks on Sunday. They had just one day in between games, after a tough series against the reigning champs. That’s a tough spot, especially against a good Miami Heat team. Then the Celtics took two roster hits. Al Horford was out due to health and safety protocols. Marcus Smart missed Game 1… Source link

U.S. stock futures plunged ahead of market open Thursday, extending losses from a weeks-long sell-off on Wall Street that intensified in the previous trading session as disappointing retail earnings reignited concerns about the impact of inflation. Futures tied to the S&P 500 fell 1% following the index’s worst decline since June 2020. Contracts on the Dow erased 300 points after the benchmark logged a nearly 1,200-point drop on Wednesday to close at its lowest level since March 2021, and… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, May 19, 2022 Today’s newsletter is by Brian Cheung, an anchor and reporter covering the Fed, economics, and banking for Yahoo Finance. You can follow him on Twitter @bcheungz. Yesterday, Target’s (TGT) earnings were a huge whiff. The stock market did not care for this news, and equities across the board tanked with the S&P 500 turning in… Source link

Changpeng Zhao, founder of Binance, joked he was “poor again” after the crypto luna took a dive.REUTERS/Darrin Zammit Lupi Crypto exchange Binance’s founder Changpeng Zhao tweeted “poor again” after crypto-token luna crashed. Binance’s holdings of the coin were once worth $1.6 billion but are now worth about $2,200. According to Bloomberg estimates, Zhao is still a billionaire and Binance is the world’s largest crypto exchange. Chanpeng Zhao, the wealthy founder of crypto exchange Binance, joked… Source link

(Bloomberg) — Cisco Systems Inc. spooked investors with a warning that Chinese lockdowns and other supply disruptions would wipe out sales growth in the current quarter, renewing broader concerns about tech spending in a shaky economy. Most Read from Bloomberg The outlook sent Cisco shares down as much as 19% in late trading and weighed on stocks of other networking companies, dealing a fresh blow to an already-battered sector. Even before Cisco’s latest plunge, its stock was down 24% this… Source link

U.S. stock futures edged lower ahead of the overnight session Wednesday after a weeks-long sell-off on Wall Street deepened in earlier trading as disappointing retail earnings reignited concerns about the impact of inflation. Futures tied to the S&P 500 fell 0.5% following the index’s worst decline since June 2020, as all but eight stocks in the benchmark closing in negative territory during Wednesday’s session. Contracts on Dow futures erased 0.4% after the index logged a nearly 1,200-point… Source link