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It looks like Yahoo is going to be acquired by Verizon in the very near future, with Recode reporting that while the terms of the acquisition haven't been finalized, Yahoo's board have decided on Verizon as its new owner.
Verizon would be acquiring Yahoo for $5 billion, and while it might not sound like much in the world of other acquisitions worth many times more than that, Yahoo does own companies like Tumblr and Flickr. Verizon acquiring Yahoo sees them also receive those companies, which begins to make more sense.
But the most interesting part of Verizon's reported acquisition of Yahoo is that Verizon isn't interested in keeping Yahoo's current boss, Marissa Mayer. AOL boss Tim Armstrong is expected to take over the Yahoo ship once the acquisition is done. Adding fuel to the fire is that Armstrong proposed an AOL-Yahoo merger to Meyer years ago, with Meyer denying the deal.
AMD has had a great last 6 weeks or so, riding the Polaris wave with the launch of the Radeon RX 480 and now we're at the end of Q2 2016 - so we get some juicy financial reports to gloss over.
How did AMD go for the quarter? Well, they reported better-than-expected earnings and revenues for Q2 2016, and after the market closed, AMD reported an adjusted loss of 5c per share, lower than analysts' expectations of 8c per share. Revenues increased 9% year-over-year to reach $1.03 billion, beating analysts' expectations of $951.3 million.
AMD CEO Lisa Su said in a statement: "Based on the strength of our semi-custom products and demand for our latest Radeon RX GPUs and 7th Generation A-Series APUs, we are well positioned to drive growth and market share gains in the second half of the year".
While AMD's financials aren't exactly star-studded, we are getting closer and closer to the release of Zen, which should be incredibly exciting. AMD's next-gen Zen architecture will bring them up to a much more even playing field against Intel, while Intel itself has been struggling lately. Zen will deliver improved performance, support for DDR4, and more.
Looking further into the future we have the next-gen Vega architecture in early 2017, where we should see a Fury X successor, and then Navi in 2018 - where we can only imagine how powerful GPUs will be by then.
The High Court of Paris has ruled Google and Bing are not required to filter torrent-related searches within their respective engines. The request to implement such functionality as well as block websites with the word torrent in their name was put forth by local music industry organization Syndicat national de l'édition phonographique (SNEP).
SNEP's argument -- based upon its country's intellectual property code which states "all appropriate measures" are allowed in preventing copyright infringement -- was that torrent searches linked largely to illegal content. It's not an outrageous argument to make as pirate websites have disappeared before under the aforementioned code. In this case, however the court decided such measures were not appropriate, thanks in part to Microsoft's argument that such a filtering system would be , as TorrentFreak describes it, "imprecise, disproportionate and inefficient" (thus punishing legal websites).
We all know just impossibly huge Pokemon GO has been, but with Nintendo struggling against Microsoft and Sony in the console war, Pokemon GO has helped Nintendo surpass Sony in the stock market.
Nintendo is now worth more than Sony, and that is thanks to Pokemon GO. Don't believe me? Look at the chart above, and you'll see the insane spike in Nintendo's market cap since Pokemon GO launched earlier this month. Nintendo's stock has increased by close to $20 billion, a near 100% increase from what it was before Pokemon GO launched.
The numbers are absolutely off the charts, and I'm sure Nintendo is celebrating like crazy right now. It could probably give everyone who plays Pokemon GO a free next-gen Nintendo NX console when it launches and not even feel the pinch on their credit card, and it's all thanks to Pokemon GO - which is a free game. Insanity.
Netflix is currently home to 83 million subscribers, adding only 160,000 subscribers in the US and 1.52 million across the world since April.
The company has said that the slow growth is a result of the increase in churn, which could be due to the fact that they ended grandfathered plans for loyal Netflix subscribers. Back in April, Netflix predicted it would have 2 million more international subscribers, and 500,000 in the US - but it has missed that by quite a lot.
Netflix pulled in $2.11 billion in revenue over the quarter, which is what analysts expected from the streaming giant. Investors now want to feel safe with their investments into Netflix, where they want to see continued growth - especially in a world with that changes so quickly. Netflix has some massive shows on its roster like House of Cards and Orange is the New Black, but the new Star Trek deal could become quite a big one in the years to come, too.
Uber has hit a new milestone, with over 2 billion rides through its app - which is pretty crazy considering the ride-sharing giant had 1 billion rides just 6 months ago now.
The company added $4.7 billion to its war chest a few weeks ago, reports Reuters, with the 2 billionth ride milestone reached on June 18. It took Uber around 6 years to hit the first 1 billion rides, but only 6 months to rack up another 1 billion rides.
Uber has been spending money on recruiting drivers and passengers, thanks to the huge $13 billion in funding it received from investors. Uber boss Travis Kalanick said that there were 147 simultaneous Uber rides at the exact same second in 16 countries on June 18, all tying for the 2 billionth trip. Uber is bleeding $1 billion per year in order to compete against its rivals, but the company operates in 450 cities across the world right now.
Right now, Uber is valued at $62.5 billion - after it received a $1.15 billion leveraged loan that allows the company to enjoy the low interest rate, while keeping its venture capital backers happy that it's not diluting their equity.
Following a failed $1.2 billion takeover of Opera Software by a group of Chinese internet firms, the company has decided to instead attempt to sell off parts of its business to get around US government concerns over privacy.
The new deal -- which is still pending approvals from authorities -- proposes $600 million for its browser business, performance and privacy apps division, technology licensing business, and its investment in Chinese joint venture nHorizon, which the group in question (Kunqi) has agreed to.
Opera will retain its advertising and marketing business, TV operations, and game-related apps.
Seagate is the latest company to announce massive layoffs, with the HDD giant set to slash another 6500 jobs across its workforce in the US, Asia and EMEA regions.
The new culling over at Seagate represents around 14% of its global workforce, which will join the 1600 people being let go as part of its restructuring plans announced last month. Seagate is set to save around $164 million from the layoffs, but it's also expected to lower its expenditures going into the future.
Seagate has also recently said it will be reducing its manufacturing capabilities, from around 55-60 million HDDs per quarter, to just 35-40 million per quarter. The company hasn't said how it will be reducing its manufacturing capabilities in detail, so we should expect to hear more news on that front in the near future.
Sharing one's Netflix password with a family member or friend is a somewhat common practice, but a new ruling by the United States Court of Appeals for the Ninth Circuit has rendered it a prosecutable crime under the Computer Fraud and Abuse Act (CFAA). The ruling pertained to large, serious crimes that threaten security and privacy of company data, but has residual effects on common users, potentially including those who share passwords of any kind.
Ninth Circuit judge Stephen Reinhardt opposed the ruling, saying it could turn thousands into "unwitting federal criminals" and that it "loses sight of the anti-hacking purpose of the CFAA, and... threatens to criminalise all sorts of innocuous conduct engaged in daily by ordinary citizens."
Pokemon GO is really blowing up all over the world, with Nintendo stock enjoying a sharp rise of 23% in the last few days.
Nintendo's stock hasn't performed this well since August 2015, and while it isn't as strong as it was back when the Japanese gaming giant launched the Wii, Nintendo stock is up 36.3% since Pokemon GO launched not even a week ago.
The daily active users (DAU) playing Pokemon GO is incredible, and by incredible - we mean it's at the levels of the DAU of Twitter. Yeah, you know - the world's second largest social network. Pokemon GO is now rivaling Twitter for daily active users. These numbers are freakin' amazing.