71–80 of 366 posts
Before people go all ballistic, please remember that yahoo and AOL make $700 million from Mail and a billion dollars from search. AOL sells huge number of paid dialup based email accounts(for older people though). So the sale price is approximately two years of revenue. Apollo is getting it cheap!
And Apollo will gut these entities for every dollar that they can.
Yahoo employee. AMA
Yahoo employee here... AMA
Also, are there any stats explaining why so Yahoo still have so many daily visitors? Is it just result of having a ton of service and then the numbers afe bundled? It seems hard to understand that pages like Yahoo (or msn.com) would attract so many users as the Alexa ranking would suggest.
Is this the final blow for Yahoo!'s finance API?
Yahoo employee. AMA
Reportedly Yahoo Finance has revenue between $100M and $250M annually. With the increase in retail interest in investing it seems like a property that could have some growth potential behind it if they did things right and separate from Verizon.
I worked at HuffPo right after AOL was acquired by Verizon and before AOL/Yahoo became Oath. During this time Arianna left; rumor was she was forced out or at the very least, her power was undermined/neutered by Verizon and she was unable to fulfill her vision. Shortly after was the 2016 election. It was very surreal to be working there, while everyone on the editorial staff was sure HRC was going to win and then Tru…