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After coming under immense pressure and heavy fire for falsifying his credentials, Yahoo CEO Scott Thompson has agreed to step down from his position.

The controversy started when it was brought to light that Thompson’s resume included both an … READ THE REST

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Back in early April, Yahoo announced that it underwent a major housecleaning by releasing over 2,000 staff members. One more person may now be joining the ranks of the jobless. This person is none other than the company’s own CEO, … READ THE REST

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Next to Google, Yahoo is perhaps the most recognized name online. Despite its global status, it does not appear that all is going well behind the curtains. The mega-corporation just recently laid off over 2,000 staff members in their ranks, … READ THE REST

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From Facebook’s (FB) amended S-1 filing:
“on March 12, 2012, Yahoo filed a lawsuit against us in the U.S. District Court for the Northern District of California that alleges that a number of our products infringe the claims of ten

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A major Yahoo shareholder thinks that the slumping Internet company would probably be better off without Jerry Yang on its board. In a letter written to Yahoo’s board, hedge fund manager Daniel Loeb posits that Yang has way too many … READ THE REST

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Currently, Google is exploring the possibility of financing a deal by others to acquire Yahoo. Google Inc. has spoken with at least two-private equity firms about assisting them to finance a deal to purchase Yahoo Inc.’s core business. The Wall … READ THE REST

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Yahoo managed to meet their third quarter earnings targets.

Yahoo, which is both fielding offers from potential buyers and searching for a new chief executive, posted slight decreases in net revenue and profit, however, these declines were not unexpected. … READ THE REST

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Yahoo can’t seem to get its shit together. In the last 24 hours two major announcements went out. One is that CEO Carol Bartz is out. She actually sent this snarky notice to all employees:

To all,
I am very

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Last week, Yahoo reported that their second-quarter profits topped analysts’ expectations, but overall sales fell short and company shares took a hit in after-hours trading.

For the quarter, in total, Yahoo reported earnings of $0.15 per share. Well, this is … READ THE REST

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