Verizon Media Group, the media division within Verizon, has 3 million people that pay for subscriptions across its portfolio of Yahoo-related products, like Yahoo Fantasy, Yahoo Finance and others, executives tell Axios. Why it matters: Moving forward, the goal will be to rebrand most of its media franchises as Yahoo products, and to focus on selling subscriptions to those products via a rebranded subscription portfolio called “Yahoo Plus.” Driving the news: “Yahoo is the future of our… Source link
Read More »Verizon Media expands commerce business, plans to launch Yahoo Shops
What you need to know: Yahoo Shops will be the first digital media marketplace to feature native commerce capabilities and launch with a commitment to diversity, pledging at least 15% of merchants will be Black-owned businesses Shoppable video, personalized features, and XR tools will be hallmarks of Yahoo Shops With the scale of Verizon Media’s audience and advertising platforms, Yahoo Shops offers brands a seamless connection to consumers, from discovery to transaction NEW YORK, NY – Today,… Source link
Read More »Verizon Media to Launch Yahoo Shops
Bloomberg Deliveroo Kicks Off $2.5 Billion IPO, U.K.’s Largest in 2021 (Bloomberg) — Food-delivery startup Deliveroo Holdings Plc started taking investor orders in a share sale of as much as 1.77 billion pounds ($2.45 billion), marking the largest initial public offering in the U.K. since September.Deliveroo is selling shares at 3.90 pounds to 4.60 pounds apiece, according to a statement Monday, valuing the company at 7.6 billion pounds to 8.8 billion pounds.The offering is the biggest… Source link
Read More »Factbox: How U.S. bills would help news media negotiate with Facebook, Google
(Reuters) – A bipartisan group of U.S. lawmakers led by Senator Amy Klobuchar and Representative David Cicilline introduced legislation on Wednesday aimed at making it easier for news organizations to negotiate collectively with platforms like Google and Facebook. FILE PHOTO: The brand logo of Alphabet Inc’s Google is seen outside its office in Beijing, China August 8, 2018. Picture taken with a fisheye lens. REUTERS/Thomas Peter/File Photo The bills introduced in the House and Senate -… Source link
Read More »Social media algorithms are ‘dangerous’: author Walter Isaacson
The CEOs of Facebook (FB), Google (GOOG, GOOGL), and Twitter (TWTR) will appear later this month before a U.S. House subcommittee to face questions over the spread of misinformation tied to the 2020 election and COVID-19. In a new interview, author Walter Isaacson — best known for his biography of late Apple (AAPL) CEO Steve Jobs — said social media platforms should take more responsibility for the extremism and misleading information fostered by their sites. He offered a blistering… Source link
Read More »Digital media war heats up: More countries could target Facebook, Google over news
Facebook has turned the news back on. In Australia, the websites that were previously blocked by Facebook are now accessible and sharable once again. But the battle involving social networks and news is just beginning. Last week Australia’s government passed a law this week that offered a glimpse at the future for Facebook and media consumers around the world. The News Media Bargaining Code, passed Wednesday, effectively forces big tech platforms to pay publishers for news… Source link
Read More »U.S. SEC suspends trading in 15 securities due to 'questionable' social media activity – Yahoo Finance
TipRanks 2 ‘Strong Buy’ Stocks With 7% Dividend Yield You can get whiplash, trying to follow the market fluctuations these days. Volatility rules for now, as investors are pulling out of Big Tech – a move that is pushing the general markets down. The bearish sentiment comes as new COVID case numbers are falling, along with the weekly unemployment claims. Both are positive news bites for the economy, and will help to justify increased economic opening. At the same time, a Congressional… Source link
Read More »Facebook ‘refriends’ Australia after changes to media laws
By Colin Packham, Byron Kaye CANBERRA (Reuters) – Facebook said on Tuesday it will restore Australian news pages after negotiating changes with the government to a proposed law that forces tech giants to pay for media content displayed on their platforms. FILE PHOTO: A 3D printed Facebook logo is seen in front of displayed Australia’s flag in this illustration photo taken February 18, 2021. REUTERS/Dado Ruvic/Illustration Australia and the social media group have been locked in a standoff for… Source link
Read More »Lawmakers want news media to team up against Facebook, Google
Lawmakers in Congress are drafting a bill that would let news publishers team up against Facebook and Google. The House Judiciary Committee plans to roll out legislation in the coming weeks to allow small US news organizations to collectively bargain with the two tech titans, according to Rep. Ken Buck (R-Colo.), the panel’s top Republican. The bill would add to the growing regulatory pressure on Facebook and Google, which have been accused of putting news… Source link
Read More »Here’s how tech is taking over the news media
Entrepreneur Marc Andreessen speaks onstage during TechCrunch Disrupt SF 2016 at Pier 48 on September 13, 2016 in San Francisco, California. (Steve Jennings/Getty Images for TechCrunch) Last week workers at a San Francisco-based company announced they were forming a union. “We are organizing because it is more important than ever that companies are equitable and supportive of their employees… [Our company] must support and protect its workforce and create the best environment possible in… Source link
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