Yahoo is being renamed Altaba, Marissa Mayer steps down

So this just happened - Yahoo has rebranded itself to Altaba Inc., with its CEO Marissa Mayer stepping down effective immediately.

TechCrunch reports that Mayer "may be tapped for a role in Yahoo's integration at Verizon, but her position has yet to be announced". Yahoo has recently gone through some massive troubles, with 1 billion user accounts being compromised - which could lead to its deal with Verizon being troubled, but TC said that the "planned sale to Verizon is still moving forward".

They added: "some portions of the company will be left behind and renamed to Altaba Inc.", a very interesting - and all-of-the-sudden move.