Doctors warn against internet, gaming disorders in UAE

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Medical professionals in the UAE are warning that addiction to smartphones and technology among young people can be as powerful as addiction to gambling and drugs, with its own host of health and psychological problems. In many developed nations – the UAE included – it isn’t uncommon to see young children on a tablet or smartphone, with their parents besides them seemingly oblivious to any potential health risks. “Mental health risks of increasing addiction to technology are clear and present,” said Dr Binu George, Consultant Paediatrician (paediatric neurodevelopment and neurodisability)…

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Verizon to buy Yahoo for $250m less as deal to go ahead despite data breaches

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Verizon will press ahead with plans to buy Yahoo despite the two historic data breaches the internet giant revealed it had suffered last year. The US telecoms giant Verizon has renegotiated its $4.8bn (£3.85bn) deal to buy Yahoo to pay around $250m less in the wake of the record-breaking cyber attacks, according to Bloomberg. The sale, which was due to go ahead in the first three months of 2017, was delayed and almost derailed after Yahoo revealed hackers had stolen details from around 1.5bn accounts in two separate attacks back in 2013 and…

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Marissa Mayer to exit after Verizon acquisition as Yahoo becomes Altaba

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Yahoo Inc. said on Monday that it will cut down its board after completing acquisition deal with Verizon Communications Inc., it is reported also that several executives including Chief Executive Marissa Mayer and co-founder David Filo, will step down as directors. After the sale of its core internet business, the company will change its name to Altaba Inc. from RemainCo, Yahoo said in a regulatory filing. Altaba’s remaining assets include Yahoo’s stake in Alibaba Group Holding Ltd. and Yahoo Japan. The name is a combination of the words “alternate” and…

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Massive data breach hits 500 million Yahoo accounts

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Information from at least 500 million Yahoo accounts was stolen from the company in 2014, the company said Thursday, indicating it believes a state-sponsored actor was behind the hack the Sunnyvale, California-based company confirmed. The theft may have included names, email addresses, telephone numbers, dates of birth, and in some cases, encrypted or unencrypted security questions and answers, Yahoo said. Even in an Internet-dependent population accustomed to the regular occurrence of massive data breaches, the size of this one —  thought to be the largest ever in terms of user accounts — is attention-grabbing. And the possibility that another…

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Verizon will buy Yahoo for $4.8 billion

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US internet firm Yahoo will be sold to American telecoms firm Verizon Communications for nearly $5bn (£3.8bn) in cash. Yahoo will be combined with AOL, another faded internet star, which Verizon bought last year. The deal does not include Yahoo’s valuable stake in Chinese firm Alibaba. The price tag for the deal is well below the $44bn Microsoft offered for Yahoo in 2008 or the $125bn it was worth during the dot.com boom. Verizon said the deal for Yahoo‘s core internet business, which has more than a billion active users…

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Yahoo-backed E-commerce search startup Twiggle gets $12.5M Series A Funding led by Naspers

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E-commerce operator Naspers led a $12.5 million investment that Twiggle will use to expand globally. (Bloomberg)—A Yahoo Japan-backed Israeli startup, Twiggle, has lined up a funding round led by Naspers Ltd., the Cape Town, South Africa-based group known for its early investment in Chinese e-commerce site Tencent Holdings Ltd. Twiggle, a web- and mobile-based service focused on search, aims to license its software to leading online retailing companies around the world and will use the $12.5 million in funding to expand globally. Using machine learning, artificial intelligence and natural language…

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What’s next for Yahoo’s future of its core Internet Business

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WHAT’S NEXT? Yahoo is preparing to discuss the future of its core Internet business and its stake in Alibaba, the Chinese e-commerce giant. “Yahoo’s management has faltered in its efforts to turn around its core business and it faces investor pressure to take more dramatic moves, though the people familiar with the plans say no transaction is assured,” the Wall Street Journal reports. “If Yahoo decides to sell its core Internet business, it could put into motion a deal for the Alibaba stake as well as its 35% stake in…

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Google US search share drops to 74.8% as Yahoo usage on Firefox almost triples since November

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Yahoo gains further US search share in January Google falls below 75% for first time US Yahoo-on-Firefox usage almost triples since November San Francisco, CA & Dublin, Ireland; Monday 2nd February 2015: January saw Yahoo further increase the gain it made in US search share last month, according to the latest data from independent website analytics provider, StatCounter. Google fell below 75% in the US for the first time since StatCounter Global Stats began recording data*. StatCounter Global Stats reports that in January, Google took 74.8% of US search referrals…

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Fortune’s 40 under 40: The future of women in tech looks bright

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The diverse and robust pool of female founders and tech execs at Fortune’s 40 under 40 party proves positive for Silicon Valley’s future. Editing Fortune’s 40 Under 40 list is, every year, an education in ambition, disruption and extraordinary achievement. The process takes months of reporting, lots of debate and discussion and a healthy amount of handwringing as our deadline looms. And then comes the fun. Every year, we hold a giant party for the 40 Under 40 and a few hundred other movers and shakers in the San Francisco…

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Alibaba IPO Pours Shares Into Shrinking Pool of Stock

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Alibaba Group’s (BABA) initial public offering was a success by any measure. At $25 billion, it was the largest in history. Investors were so eager to add the Chinese e-commerce giant to their portfolios that the shares soared 38 percent on their debut, the biggest first-day jump for an IPO of at least $10 billion, according to data compiled by Bloomberg. When trading ended on Sept. 19, the company had a market value of $231 billion, more than Amazon.com’s (AMZN) and EBay’s (EBAY) combined. Some investors warned that the clamor for Alibaba shares could trigger a…

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