Poised for growth with the most complete edge native solution to deliver the fastest web applications on the planet, in a high growth $40 billion market Improved profitability underwritten by greater than $50 million of run-rate cost synergies and meaningful revenue diversification Stronger balance sheet and Board with Apollo Funds/Yahoo’s investment TEMPE, Ariz., June 16, 2022–(BUSINESS WIRE)–Edgio, Inc. (Nasdaq: EGIO), the globally-scaled software solutions provider powering secure… Source link
Read More »Limelight to Acquire Yahoo’s Edgecast, Creating Global Leader in Edge Enabled Software Solutions
Combined Company to Operate as Edgio, Delivering Significantly Increased Scale and Scope with Diversified Revenue Across Products, Clients, Geographies and Channels and an Expanded Total Addressable Market of $40 Billion Yahoo to Receive All Stock and Will Invest $30 Million Demonstrating Conviction in Combined Company’s Growth Plans; Will Own 31.9% of Pro Forma Company and Appoint Three Directors The Strategic Spinoff Delivers Enormous Value and Opportunity for Yahoo as Edgio Scales… Source link
Read More »Bitcoin miners make US an industry leader after China crackdown as climate fears weigh
The U.S. now leads the world in Bitcoin mining, according to data from the Cambridge Bitcoin Electricity Consumption Index (CBECI), which tracks Bitcoin’s energy consumption by geography. According to data added to the index, the United States currently makes up 42.7% of the Bitcoin network’s “hashrate,” a metric unit that measures how much power the Bitcoin network consumes. Up 14%, the growth in America’s hashrate — also known as hashpower — reflects the changing geopolitical… Source link
Read More »Yahoo taps Tinder’s CEO to be its new leader
(CNN) — Yahoo has hired away Tinder’s top executive to become its new chief executive officer. Apollo Management Group, which recently bought the ailing search engine for $5 billion, announced Friday that Jim Lanzone will be Yahoo’s new CEO as of September 27. He’s succeeding Guru Gowrappan, who has led Yahoo since 2018 and will now shift to a senior adviser role. The move comes just four months after Verizon announced it would sell Yahoo to Apollo for $5 billion. Lanzone has been the… Source link
Read More »Yahoo taps Tinder’s CEO to be its new leader
By Jordan Valinsky, CNN Business Yahoo has hired away Tinder’s top executive to become its new chief executive officer. Apollo Management Group, which recently bought the ailing search engine for $5 billion, announced Friday that Jim Lanzone will be Yahoo’s new CEO as of September 27. He’s succeeding Guru Gowrappan, who has led Yahoo since 2018 and will now shift to a senior adviser role. The move comes just four months after Verizon announced it would sell Yahoo to… Source link
Read More »Yahoo taps Tinder’s CEO to be its new leader
By Jordan Valinsky, CNN Business Yahoo has hired away Tinder’s top executive to become its new chief executive officer. Apollo Management Group, which recently bought the ailing search engine for $5 billion, announced Friday that Jim Lanzone will be Yahoo’s new CEO as of September 27. He’s succeeding Guru Gowrappan, who has led Yahoo since 2018 and will now shift to a senior adviser role. The move comes just four months after Verizon announced it would sell Yahoo to… Source link
Read More »Yahoo taps Tinder’s CEO to be its new leader
Apollo Management Group, which recently bought the ailing search engine for $5 billion, announced Friday that Jim Lanzone will be Yahoo’s new CEO as of September 27. He’s succeeding Guru Gowrappan, who has led Yahoo since 2018 and will now shift to a senior adviser role. The move comes just four months after Verizon announced it would sell Yahoo to Apollo for $5 billion. Lanzone has been the CEO of Tinder for about a year and helped revamp the popular dating app during his tenure. Previously… Source link
Read More »Flight attendants face ‘the most hostile environment’ ever: union leader
Close to 2 million passengers pass through airport security every day and flight attendants on U.S. airlines face greater numbers of unruly pandemic weary passengers. Flight attendants “are thinking about not having gotten sleep, how long the days are, how crowded the flights are, how screwed up the operation is, and whether or not this is the day they might get punched in the face,” Sara Nelson, president of the Association of Flight Attendants-CWA, told Yahoo Finance Live. A recent… Source link
Read More »every leader has an ‘epic fail’
Leaders from all walks of life, from politics to business and finance, can experience major setbacks during their tenure. David Novak, co-founder and former CEO of Yum! Brands, Inc. (YUM), is very much aware of this. In an Influencers interview with Yahoo Finance Editor-in-Chief Andy Serwer, Novak discussed the infamous failure of Crystal Pepsi, a product he was behind the development of, as well as how he bounced back as a business leader and the lessons others can learn from his… Source link
Read More »Brazil’s Bitcoin Banco Group and Leader Arrested for Alleged Embezzlement of $300M in Crypto
Associated Press Iraqi militia commander vows to avenge deaths in US strike The leader of an Iran-backed Iraqi militia has vowed to retaliate against America for the deaths of four of his men in a U.S. airstrike along the Iraq-Syria border last month, saying it will be a military operation everyone will talk about. Abu Alaa al-Walae, commander of Kataib Sayyid al-Shuhada, said in an exclusive interview with The Associated Press in Baghdad that the electoral victory of Iran’s hard-line… Source link
Read More »