Verizon reportedly is close to a deal to buy the core Web assets of Yahoo for $5 billion, which would end a months-long process of jockeying over the future of the struggling company. Verizon emerged as the winner of a lengthy bidding contest to acquire the assets, according to reports that surfaced Friday. An agreement is expected early next week. The deal itself could take six to nine months to finalize. The acquisition price is rumored to be $5 billion. The deal would include real estate but not the company’s intellectual property portfolio.
via E-Commerce Times http://www.ecommercetimes.com/story/83729.html?rss=1
LinkedIn this week announced three updates to Sales Navigator. One is deeper integration with Salesforce CRM data, allowing leads and accounts to be imported into Sales Navigator automatically. More than 20 LinkedIn customers already are using this feature. The second is direct integration of Sales Navigator with Gmail, allowing users to access all LinkedIn public profile details and public social contact information from their emails, and to save a contact as a lead in Sales Navigator.
via E-Commerce Times http://www.ecommercetimes.com/story/83728.html?rss=1
Elon Musk on Wednesday introduced a second master plan for Tesla, a follow-up to the vision he shared 10 years ago. The original master plan is now in the final stages of execution, he said. The refresh sketches out a multiyear, four-pronged strategy that is about more than vehicles. Musk also plans to advance an integrated solar-roof-with-battery product, create a ride-sharing program, and further develop the Tesla autopilot technology. Investors seemed unimpressed — Tesla stock fell Thursday following the announcement.
via E-Commerce Times http://www.ecommercetimes.com/story/83727.html?rss=1
Facebook has announced that the number of people using its Messenger app has surpassed 1 billion a month — a major milestone for what is arguably the most important tool in the company’s growth strategy. A growing number of people are using Messenger to communicate with friends, send money, plan events, play games and tell jokes, the company said, claiming that it’s one of only a handful of apps worldwide with so many users. The announcement follows a series of upgrades to the app, which averaged 800 million users per month in 2015.
via E-Commerce Times http://www.ecommercetimes.com/story/83724.html?rss=1
The platform land rush is definitely on. You can’t swing a dead cat, as the saying goes, without finding an announcement about some new platform or some established vendor’s attempt to enhance its existing platform. Some sorting out seems to be in order. What’s not a platform these days? Well, if it’s easy to substitute the word “application” for “platform,” then you should use “application,” because it will be more accurate. We’re suffering from word inflation all over the place.
via E-Commerce Times http://www.ecommercetimes.com/story/83721.html?rss=1
Shares of Netflix fell sharply Tuesday after it reported lower-than-expected Q2 earnings, which the company blamed on subscriber growth that fell short of forecasts. Netflix added 1.7 million subscribers in the quarter, pushing its total membership to more than 83 million, the company told shareholders. However, that growth was far less than the 2.5 million it had projected. “We are growing, but not as fast as we would like or have been,” reads the letter. “Disrupting a big market can be bumpy, but the opportunity ahead is as big as ever.”
via E-Commerce Times http://www.ecommercetimes.com/story/83720.html?rss=1
The number of government requests to Google for citizens’ personal data rose in the second half of 2015, according to the company’s latest Transparency Report, released Monday. The number has been trending upward for the past few years as the number of people connected to the Internet has increased. The growth also coincides with government efforts worldwide to increase surveillance over their citizens and almost-daily reports of terrorist attacks. The FBI has been fighting to expand its powers of surveillance in the U.S.
via E-Commerce Times http://www.ecommercetimes.com/story/83718.html?rss=1